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Ventuals to Compensate Traders After Pre-IPO SpaceX Perps Plunge 45% on Hyperliquid

GateNews

Derivatives Data Price Volatility Exchange Risk Security Incidents

2026-05-29 10:03:04

SPACEX-2.14%

According to The Block, the SPACEX-USDH perpetual contract on Hyperliquid plunged 45% from $2,277 to $1,254 within 30 minutes on Thursday afternoon, liquidating 484 users and wiping out $1.74 million in notional value. Ventuals said the crash was caused by incorrect data from an offchain data provider used in its oracle pricing system. The platform committed to compensating affected users within 48 hours and implementing measures to prevent similar incidents on its pre-IPO markets.

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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In-Depth Analysis

Hyperliquid SpaceX Market Suffers 42% Flash Crash Due to Oracle Error

Ethan Brooks12h ago

SpaceX-USDH perpetual contract flash crash 45%, 405 users liquidated

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Coinpedia05-26 20:07

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