Two wallets reportedly exploited price swings on Hyperliquid by placing around $20 million in orders, shifting Ether prices slightly. They simultaneously opened large long positions on Papertrade, which uses Hyperliquid prices for settlement. This strategy may have allowed them to profit at the expense of liquidity providers by creating a pricing gap between the two platforms. The full impact and any losses are still unconfirmed, but this highlights risks in protocols relying on prices from multiple exchanges, especially as trading volumes grow.
The story about Papertrade’s Hyperliquid price reference and manipulation risk is presented with Pluang market data as of Oct 11, 2026, 11:01 WIB. For readers following cryptocurrency markets, here is Pluang's snapshot: out of 50 major cryptocurrencies priced on Pluang, 16 rose and 33 fell today. Notable movers include SAND at Rp1.143 with a 1-day change of -5.97%, THETA at Rp4.012 down 4.07%, and ALGO at Rp2.083 up 3.27%.
Bitcoin balances on major exchanges remained stable over one day, with no net inflow recorded. However, weekly and monthly data show significant net outflows, indicating ongoing withdrawals from exchanges. Trading volume was highest during Asian hour...
Ampleforth (AMPL) experienced a sharp decline of 13.91% within 60 minutes on October 11, falling to $1.30, reflecting ongoing volatility in the altcoin market. Over the previous 24 hours, AMPL traded between $1.30 and $1.50, with a market cap of abou...
Two wallets reportedly exploited a known best-bid-and-offer (BBO) risk on the papertrade protocol, triggering about $20 million in Ether (ETH) trades that moved prices by 10 to 20 basis points on the Hyperliquid platform. A community user, boblob, ac...
Starknet (STRK) led the top 90 cryptocurrencies by market cap, rising 45.02% in 24 hours to $0.107, extending its previous day's 42.04% gain. Among other notable movers, Aerodrome Finance gained 14.46%, Injective rose 6.54%, and Figure Heloc advanced...
Solana (SOL) finalized a network upgrade on October 9, reducing its target slot time from 400 milliseconds to 200 milliseconds through a staged process. This change aims to speed up transaction confirmations and potentially support more efficient tra...
