An address is under suspicion for engaging in price manipulation on Hyperliquid, which has led to a significant decline in the price of POPCAT. This manipulation has resulted in a substantial financial impact, with losses amounting to $4.9 million for HLP. The incident highlights concerns regarding market integrity on the Hyperliquid platform. Investigations may be necessary to determine the extent of the manipulation and its implications for other traders. The incident raises questions about the safeguards in place to protect against such activities in the cryptocurrency market.
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