Hyperliquid SK Hynix Perps Drop 20% in One Minute Before Rebounding

SK Hynix perpetuals on Hyperliquid crashed 20% in under a minute due to thin liquidity, then recovered. The event highlights risks in tokenized traditional assets.

Woofun AI reports that SK Hynix perpetual contracts on Hyperliquid experienced a 20% price drop within a single minute before rapidly rebounding. This flash crash occurred against a backdrop of pressure on AI stocks like Nvidia and preceded a broader decline in South Korea's stock market. The incident underscores the volatility risks associated with limited liquidity in tokenized traditional asset markets during overnight gaps.