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SK Hynix Perpetual Futures Plunge 18% on Hyperliquid, Recover Within 2 Minutes

Derivatives Data Price Volatility

2026-07-28 14:13:00

SKHY-15.03%

According to CoinGlass, SK Hynix perpetual futures on decentralized exchange Hyperliquid plunged 18% to $927 on July 28 before rebounding to $1,123 within 2 minutes. The sharp price swing triggered liquidations of long positions totaling $179,830 over the one-hour period, ranking sixth among all assets by liquidation volume. Short position liquidations reached $5,620. The cause of the price movement remains unclear.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Market Whisper07-28 03:13

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