Hyperliquid is bleeding again. Allegedly, a cluster of coordinated crypto wallets drove FARTCOIN up by 20% on Hyperliquid in under four hours, then weaponized the platform’s own liquidation mechanics against it. How much did Hyperliquid’s liquidity vault actually lose, and is the platform structurally vulnerable to this playbook?On-chain data flagged two linked wallets that accumulated an eight-figure notional long position in FARTCOIN over several hours, pushing the price sharply higher as liquidity thinned, forcing Hyperliquid liquidity provider vault (HLP), which acts as a counterparty of last resort, to absorb the opposing side.
#PeckShieldAlert #HLP is down ~$1.5M in the last 24hAttacker accumulated a $15M $Fartcoin long (145.24M tokens) across 4 wallets.In a low-liquidity environment, the attacker triggered a “suicide” liquidation, forcing the ADL mechanism to kick in.HLP was forced to absorb the… pic.twitter.com/PM8DCYcDRU— PeckShieldAlert (@PeckShieldAlert) April 9, 2026
The coordinated traders then triggered or allowed liquidations on their own long positions, activating the Hyperliquid auto-deleveraging (ADL) mechanism. Combined PnL from the maneuver: +$1.3 million. The same wallets were previously linked to a similar squeeze on XPL, suggesting a repeating pattern.The incident lands while Maxi Doge Targets Early Mover Upside as Memecoins Flash Manipulation RiskFARTCOIN’s chart raises an uncomfortable reality for late participants: by the time a memecoin is being used as a vehicle for eight-figure coordinated squeezes, the asymmetric upside has long since transferred to early holders.Chasing the spike is the trade that funds other people’s PnL. The rotation play and finding the next leveraged memecoin narrative before it prints are where the real edge lies. Maxi Doge ($MAXI) is positioning directly inside that thesis. The ERC-20 token frames itself around a 1000x leverage trading culture, embodying the bull market grind.
WHERE ALL THE BULLS AT? WE DON’T QUIT. pic.twitter.com/J30E70EV5f— MaxiDoge (@MaxiDoge_) March 31, 2026
Current presale price sits at $0.00028, with just under $5 million raised to date. Staking also offers a huge 60% APY for early participants. Features include holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnership deployment, and meme-first marketing built around gym-bro humor that travels well on social. Research Maxi Doge before the presale price moves.The post Fartcoin Crypto Pump and Dump Hurts Hyperliquid: Coordinated $1.3 Million Drain? appeared first on Cryptonews.
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