SPACEX-USDH Perp on Hyperliquid Dumps 45% in 30 Minutes

Hyperliquid's SPACEX-USDH perpetual contract plunged nearly 45% in 30 minutes on Thursday, falling from $2,277 to $1,254 before rebounding to around $2,169. The move liquidated 405 users across 1,393 positions and erased $1.51 million in notional value.