Hyperliquid’s Bridge Goes on Strike! 💸

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Behold, the bridge of Hyperliquid, that proud and stoic guardian of digital assets, suddenly fell silent, as if the very fabric of the blockchain had been torn asunder. A most curious phenomenon, indeed, with no withdrawals for 21 minutes-like a clockwork mouse frozen mid-sprint. 🐭

Yet, fear not! No evidence of a grand heist, though one might wonder if the vaults were merely napping. Assets in non-USDC realms remain unscathed, while deposits continue their merry dance. A $4.5 billion treasure still guards the USDC bridge, a beacon of hope in this digital desert. 🏺

This pause, some whisper, may be a precautionary measure, akin to a knight raising his shield before a duel. Or perhaps it’s a cunning “clawback” maneuver, a sly attempt to reclaim funds from those who dared to manipulate the market. A game of chess, played with zeroes and ones. 🏰

POPCAT’s Wild Ride 🐶

Earlier, a mysterious figure withdrew $3 million USDC from OKX, a sum that could buy a small island-or a lifetime supply of existential dread. With this treasure, they embarked on a quest to long the enigmatic POPCAT memecoin, a digital beast of uncertain temperament. 🧙‍♂️

At 14:45 CET, this enigmatic investor unleashed a $20 million buy wall, spreading their bets across 19 wallets like a gambler tossing coins into a well. The long position swelled to $30 million, a titan of optimism in a sea of chaos. 🧱

But alas, when the wall crumbled, the price of POPCAT plummeted like a lead balloon. A $4.9 million loss for Hyperliquid, who then stepped in to manually close the position, as if tending to a wounded beast. A coordinated attack, some say, a digital siege upon the gates of trust. ⚔️

A random $POPCAT whale got liquidated for $21M and Hyperliquid is currently down $6M on their 20x LONG.

Seems to be another coordinated attack.

– MLM (@mlmabc) November 12, 2025

Some claim Hyperliquid’s oversight-forgetting to lower POPCAT’s max leverage from 10x-was the true villain here. A flaw in the code, a crack in the armor, and the chaos ensued. A tale of hubris, perhaps, or simply the whims of the market. 🌀

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2025-11-12 21:31