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SK Hynix Stock Glitch Triggers $60M Liquidation on Hyperliquid; 900+ Users Lose $17.4M

Derivatives Data Price Volatility Stocks

2026-07-29 07:51:35

SKHY-6.10%

HYPE-0.38%

According to Allium, on Tuesday, a pre-market trading glitch caused SK Hynix stock to plunge 30% at market open in South Korea. Although prices recovered shortly after, the sharp move cascaded into crypto markets. Derivative contracts linked to SK Hynix on Hyperliquid fell roughly 20%, forcing over 900 long positions to liquidate approximately $60 million in notional value within two minutes. Allium estimated actual user losses reached $17.4 million from the incident.

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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