Cryptonews

Unraveling the World of Crypto - One News at a Time

Hyperliquid’s pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million

CoinDesk Published 28.05.2026 17:28

A massive selloff in a SpaceX crypto token wiped out hundreds of retail traders in 30 minutes because the market lacked enough cash to absorb the shock.

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