Hyperliquid (XPL pre-launch market) other on 2025-08-27

Other on Hyperliquid, 27 Aug 2025. Last verified 4 Nov 2026.

info
Reported loss
Not stated
no amount published
Recovered
-
nothing reported
Status
Unknown
updated 26 Oct 2026
Date
Hyperliquid

Summary

On 2025-08-27 the mark price of Hyperliquid's XPL pre-launch hyperp market rose about 2.5x within minutes, triggering liquidations and auto-deleveraging of XPL positions. Hyperliquid said the protocol incurred no bad debt and announced a cap on hyperp mark prices at 10x the 8-hour EMA.

Protocol
Hyperliquid (XPL pre-launch market)
Type
Other
Reported loss
not stated
curated history · updated 2026-10-26 15:28 UTC

Facts and where they come from

Approved facts and their primary sources
FactValueSource
DateAug 27, 2025t.me ↗
Price move~2.5xt.me ↗
Bad debtno bad debtt.me ↗
Mitigation10x the 8-hour mark price EMAt.me ↗

Primary sources

Our own summary of facts published by the sources above. We do not attribute fault beyond them. Amounts are as the sources state them (no USD conversion by us); links and quoted figures last checked 2026-11-04.

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How we report incidents

LiveHyperliquid markets 17sOperationalHyperliquid positions & whales 4sOperationalLiquidation heatmap & levels 8sOperationalLighter markets & liquidations 8sOperationalLighter positions & heatmap 8sOperationalLighter RH positions & heatmap 7sOperationalBinance markets 14sOperationalBybit markets 36sOperationalBinance liquidations 28sOperationalBybit liquidations 28sOperationaldYdX positions & heatmap 16sOperationalGMX positions & heatmap 13sOperationalLong/short & open interest history 59sOperationalOrder books & trade flow 7sOperationalOn-chain transfers 6sOperationalSecurity monitor 8sOperationalBlockmetric Sentiment 8mOperationalOfficial news 1mOperationalAlert delivery 7sOperational10:20:17 UTCData: Blockmetric Research · Binance · Bybit