MLM: Suspected manipulation of Hyperliquid through POPCAT transactions.

According to an article published on the X platform by Odaily Planet Daily, MLM stated that approximately 13 hours ago, someone withdrew 3 million USDC from the exchange and distributed them across 19 wallets. Around 14:45 Central European Time, they began placing long orders for millions of POPCAT at a price of $0.21, totaling approximately $20 million. The long positions across the 19 wallets grew to approximately $30 million. When the person removed the eight-figure buy order, the $20-30 million POPCAT long positions were liquidated within seconds, causing Hyperliquid to take over the positions. POPCAT subsequently fell further, resulting in a loss of approximately $4.9 million for Hyperliquid. Hyperliquid then manually closed the positions. This was clearly a deliberate attempt to interfere with Hyperliquid, as no one would lose $3 million in a few seconds due to stupidity or carelessness.