Update: HLP has offloaded the entire POPCAT position Total loss seems to be around ~$5M
Luke Cannon
Luke CannonNov 12, 23:55
HLP is now long $28m of POPCAT after a rapid succession of backstop liquidations
Lots of questions outstanding, including how so many different people got themselves liquidated at prices not seen since yesterday Seems more likely it was a single entity coordinating an attack on HLP
57.37K