SK Hynix perpetual futures crash 20% in minutes on Hyperliquid before recovery

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Perpetual futures linked to SK Hynix's American depositary receipts suffered a sudden flash crash on the Hyperliquid platform. The contracts plummeted approximately 20% within a single minute, briefly hitting $900. Prices then rebounded sharply, climbing back above the $1,000 mark shortly after. The South Korean chipmaker's derivatives were at the center of the rapid and volatile price swing.

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