Fartcoin's price crashed 50% after $145 million manipulation bet went wrong

Fartcoin's price crashed 50% after $145 million manipulation bet went wrong https://ift.tt/LAJn3oB The liquidation was so large relative to the order book that Hyperliquid's auto-deleveraging mechanism activated, forcibly closing profitable short positions on the other side of the trade to prevent the system from accumulating bad debt.