{"id":96700,"date":"2026-05-29T06:19:43","date_gmt":"2026-05-29T06:19:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=96700"},"modified":"2026-05-29T06:19:43","modified_gmt":"2026-05-29T06:19:43","slug":"spacex-pre-ipo-market-flash-crashes-45-on-hyperliquid","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=96700","title":{"rendered":"SpaceX Pre-IPO Market Flash-Crashes 45% on Hyperliquid"},"content":{"rendered":"
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Through HIP-3, Hyperliquid enables independent builders to construct markets that tap into the exchange\u2019s existing architecture and liquidity. This has made it possible for venues to build tokenized stocks and even \u201cpre-markets\u201d for stocks that have yet to conduct an initial public offering.<\/p>\n

Ventuals is one such exchange that allows users to trade pre-markets for popular companies such as OpenAI and SpaceX.<\/p>\n

Trading under the SPACEX-USDH pair on Hyperliquid, the pair reflects what traders believe is a fair valuation of Elon Musk\u2019s company before it went public, and it has allowed speculation for a long time now, regularly attracting $2.9 million in open interest and over $5 million in 24-hour volume.<\/p>\n

Yesterday, the market flash-crashed by a whopping 45%, dropping from around $2,200 to $1,200, triggering the liquidation of more than $1.5 million in leveraged long positions held by hundreds of traders.<\/p>\n

\"Screenshot<\/a>
Source: Hyperliquid<\/figcaption><\/figure>\n

Ventuals, the provider for this particular market, gave an explanation<\/a> on their official X account and hinted at compensation:<\/p>\n

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The offchain data provider used as a component of the oracle price returned incorrect data, which caused the market\u2019s oracle and mark price to move dramatically. This led to the liquidation of some user positions.<\/p>\n

We have taken immediate steps to prevent this form happening again on any of the pre-IPO markets, and are evaluating the impact it had on affected users for appropriate compensation.<\/p>\n<\/blockquote>\n

The post SpaceX Pre-IPO Market Flash-Crashes 45% on Hyperliquid<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Through HIP-3, Hyperliquid enables independent builders to construct markets that tap into the exchange\u2019s existing architecture and liquidity. This has made it possible for venues to build tokenized stocks and even \u201cpre-markets\u201d for stocks that have yet to conduct an initial public offering. Ventuals is one such exchange that allows users to trade pre-markets for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-96700","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96700"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96700\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}