Lookonchain (@lookonchain): Someone just manipulated $POPCAT to attack #Hyperliquid, burning through $3M of their own funds — and causing $4.9M in losses for the Hyperliquidity P…

Someone just manipulated $POPCAT to attack #Hyperliquid, burning through $3M of their own funds — and causing $4.9M in losses for the Hyperliquidity Provider (HLP). The attacker withdrew 3M $USDC from #OKX yesterday, split it across 19 wallets, and deposited it into #Hyperliquid to open 125.14M $HYPE($26.28M) longs. The attacker then placed a ~$20M buy wall near $0.21, creating the illusion of strong demand — only to cancel the orders, triggering a liquidity collapse that led to mass liquidations. HLP absorbed the positions and lost around $4.9M, while the attacker's entire $3M stake was wiped out.