HYPE Token Drops as Whale Liquidation Triggers $4M HLP Vault Loss
The price of Hyperliquid’s HYPE token fell 8.5% following a whale liquidation event that left the protocol’s HLP vault with a $4 million loss. The event triggered speculation about potential manipulation, but Hyperliquid denied any exploit or hack. HYPE dropped to $12.74 before recovering to $13.97. The market cap declined
