Gate News Bot news, on November 20, according to CoinMarketCap data, as of the time of writing, POPCAT (Popcat (SOL)) is currently priced at $0.11, with a rise of 5.93% in the last 24 hours, reaching a high of $0.12 and a low of $0.10. The current market capitalization is approximately $109 million, an increase of $6.1 million from yesterday. POPCAT is currently ranked 271st in the global crypto assets market capitalization.
Recent important news about POPCAT:
1️⃣ Hyperliquid platform suffers from POPCAT manipulation attack
Recently, the Hyperliquid platform suffered a manipulation attack involving the POPCAT token. The attackers invested approximately $3 million, leading to losses of up to $4.9 million for Hyperliquidity Providers (HLP). This incident has exposed the vulnerabilities of the POPCAT market, which may raise concerns among investors about its security.
2️⃣ Massive Long Liquidation Triggers Market Turmoil
The attacker established approximately $30 million in POPCAT long positions on the Hyperliquid platform through 19 different wallets. Subsequently, the attacker quickly withdrew a large number of buy orders, causing these positions to be liquidated within seconds, leading to severe fluctuations in the POPCAT price. This manipulation seriously disrupted market order and could undermine investor confidence.
3️⃣ POPCAT price fluctuates significantly
Due to the impact of the attack event, the price of POPCAT has experienced significant fluctuations. In a short period, the price sharply dropped from a high of $0.21 to $0.10. This severe price volatility has increased market uncertainty, which may lead investors to adopt a more cautious attitude.
From a technical perspective, the POPCAT price has currently rebounded from recent lows, indicating that the market may be digesting the impact of this attack event. However, considering the high volatility of the Crypto Assets market, investors still need to remain vigilant and pay attention to the follow-up measures taken by the POPCAT team and the Hyperliquid platform regarding this incident.
This message is not intended as investment advice; investors should be aware of market volatility risks.
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