SpaceX flashcrash on Hyperliquid as price drops 45% in 30 minutes

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Last Updated on 30 May 2026 by CryptoTips.eu

The Hyperliquid trading platform is incredibly popular at the moment. This is evident not only from looking at the price of Hype, but also from the fact that investors are visiting the newest crypto platform to ‘pre-trade’ SpaceX stock, which is not even listed on the US markets yet.

However, Hyperliquid’s technology does not appear to be on point for this one as the price of a SpaceX futures contract on Hyperliquid plummeted by more than 45% in a single hour.

This collapse was not caused by market movement or panic selling, but by a data error, as it turns out. As a result, $1.51 million went up in smoke and 405 investors were liquidated.

Advertentie.

Pre-trading

The latest hype is pre-trading, or investing in stocks before they are listed on the stock exchange via crypto platforms. This time it is SpaceX’s turn, and within a few months, probably OpenAI’s.

In the case of SpaceX, an AI platform calculated a theoretical price for the stock that could then be invested in via the Hyperliquid platform. However, the hypothetical price turned out to be incorrect, and within a very short time, the listing of SpaceX-USDH (aka SpaceX as opposed to a stablecoin) plummeted from $2.27 to $1.25.

So, yet another new hype on crypto platforms, but one that still needs work. The price of Hype, Hyperliquid’s cryptocurrency, is benefiting from all the attention and keeps climbing higher.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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