The post Hyperliquid Faces a Staggering $4. 9 Millicom. On Wednesday, Hyperliquid faced an unexpected financial hit amounting to $4. 9 million due to extreme fluctuations in the price of POPCAT. Blockchain analytics platform Lookonchain revealed that these fluctuations involved intentional price manipulation, exposing the vulnerability of liquidity in decentralized derivative markets. Continue Reading: Hyperliquid Faces a Staggering $4. 9 Million Setback Source:.