Hyperliquid SKHX dropped 17.9% this morning, with 4-hour liquidation volume surpassing Binance

Odaily Odaily reports that on-chain analyst Ai Yi posted on platform X, stating that Hyperliquid SKHX dropped 17.9% this morning, with its 4-hour liquidation volume surpassing that of Binance. The trigger was an abnormal order in NXT pre-market trading at 7 AM involving SK Hynix shares, where 1 share was traded at 1.272 million won (approximately $867). Due to poor liquidity, the price dropped by 30%, subsequently triggering a trading halt. The Hyperliquid price fell as the Oracle updated accordingly, while the Binance price also declined due to arbitrage. Prices have now returned to normal.