Lookonchain APP

App Store

An address is suspected of "price manipulation" on Hyperliquid, causing the POPCAT price to plummet, resulting in a $4.9 million loss for HLP.

2025.11.13 09:08:27

On November 13th, as per MLM Monitor, yesterday, an individual withdrew 3 million USDC from OKX and distributed it to 19 wallets. Around 14:45 CET, they began to go long for millions of dollars' worth of POPCAT by placing buy orders of approximately $20 million at a price of $0.21. The total long position of these 19 wallets rose to around $30 million. When they removed this 8-digit buy wall, within seconds, the $20 - 30 million long position in POPCAT was liquidated and HLP took over the position. Subsequently, POPCAT continued to decline, causing HLP to lose $4.9 million. Hyperliquid later manually closed out this position. MLM analysis indicates, "This was clearly a deliberate act with the intention of bringing down HLP/Hyperliquid. No one would lose 3 million in seconds just due to stupidity or carelessness. As a result, the Arbitrum bridge was temporarily paused, but other deposit and withdrawal operations remain unaffected. The issue is expected to be resolved soon."
Relevant content

Ilya: Continuing to Build for Ethereum and SharpLink, Maintaining Confidence and Persistent Effort

On February 9th, Daniel, founder of Liquid Capital (formerly LD Capital), posed for a photo with SharpLink’s Chief Information Officer and Chief Development Officer, and stated: “We’re continuing to build for Ethereum alongside SharpLink, remaining confident and committed to our ongoing efforts.”

5 minutes ago

Analysis: Yesterday's BTC and ETH spot minute charts experienced abnormal price fluctuations, possibly due to a certain market maker bot being liquidated

On February 9th, Wintermute founder Evgeny Gaevoy—head of the crypto market maker—weighed in on the abnormal Bitcoin and ETH spot price swings on 1-minute charts during the early hours of February 8th. He noted the anomaly was likely driven by a liquidation event involving a market maker’s trading bot, which could have resulted in tens of millions of dollars in losses. The price dip wasn’t due to malicious activity from the bot’s operator, and Wintermute itself was not involved, Gaevoy clarified. Gaevoy also pushed back on rumors of “major institutional liquidations” circulating in the market, saying even if such events occurred, they wouldn’t have a meaningful long-term impact. Unlike past collapses (e.g., Three Arrows Capital, FTX)—where liquidation news spread rapidly and clear red flags emerged (like institutions seeking bailouts)—current rumors stem mostly from anonymous accounts and lack confirmation from credible sources. This cycle’s leverage is primarily tied to perpe

5 minutes ago

Kyle criticized Hyperliquid, sparking a heated debate, as FWDI faced backlash due to poor performance and was mocked in retaliation.

**February 9** Kyle Samani—former Multicoin co-founder and board chair of Forward Industries (FORD)—criticized Hyperliquid in a post, sparking heated community debate. His take: *“Hyperliquid epitomizes crypto’s worst traits in many ways. The founder fled his home country to build it; it openly enables crime and terrorism; it has closed-source code and is permissioned.”* Yunt Capital analyst Steven pushed back: *“Yes, Hyperliquid embodies most of crypto’s downsides—including VC rejection, democratizing liquidity via HLP, growing its community with the largest token airdrop in history ($9B), and using all $960M in HL revenue to buy back tokens instead of pocketing any. Updated data on Hyperliquid’s Aid Fund buyback shows the fund holds 40M HYPE tokens, funded by long-term protocol revenue.”* Hyperliquid community member Luke Cannon mocked Samani’s role as chair of Solana’s largest treasury firm Forward Industries (FWDI): *“FWDI has all the problems of a DAT company—its stock

5 minutes ago

Security Alert: The OpenClaw Official Plugin Center, ClawHub, Targeted by Large-Scale Malicious Skill Poisoning

On February 9, SlowMist released a security advisory. Recently, the open-source AI agent project OpenClaw has unexpectedly gained traction, and its official plugin hub—ClawHub—is increasingly becoming a target for supply chain poisoning attacks, posing potential security risks to developers and users. Monitoring has identified 341 malicious "skills," which often masquerade as cryptocurrency assets, security scanners, or automation tools. Attackers are exploiting the SKILL.md file as an entry point for command execution: they hide malicious commands via Base64 encoding and use a two-stage loading mechanism to evade detection. The first stage fetches the payload via curl; the second deploys a sample named "dyrtvwjfveyxjf23" that tricks users into entering their system password, then steals local documents and system information. Users are advised to: review any commands they need to copy and run, be wary of prompts seeking system permissions, and prioritize obtaining tools through

5 minutes ago

Base Protocol Token Surges as Part of the Ecosystem, with BNKR and CLWNCH Leading the Way

February 9th — Per data from GMGN (link: https://t.me/gmgnaibot?start=i_m4TE56o8), tokens in the Base ecosystem are leading today’s gains, including: - AI agent token **BNKR** hit a recent high with a $102 million market cap, up 45% in 24 hours on $13.6 million in trading volume; - Base ecosystem issuance platform token **CLANKER** climbed above $36, pushing its market cap over $36 million (16.2% 24-hour gain, $3.7 million volume); - Meme coin **CLAWNCH** briefly rebounded to nearly $10 million in market cap, now retracing to $7.5 million (62% 24-hour gain, $3.3 million volume); - Meme coin **KellyClaude** saw a modest rebound, peaking at $8 million market cap before settling at $7.5 million (7.2% 24-hour gain); - Crypto wallet Rainbow’s token **RNBW** rose 31.2% in 24 hours, with a current $7.1 million market cap and $1.3 million in volume. **BlockBeats Note**: Many meme coins lack actual use cases, face extreme price volatility, and investors should exercise caution.

5 minutes ago

Bitcoin Rebounds to Hit $71,000, Up 2.25% in 24 Hours

Bitcoin rebounded to $71,000 on February 9th, per HTX market data, with a 24-hour gain of 2.25%.

5 minutes ago