Key Notes

Trading panic led to $62 million in long position liquidations within four hours as bullish traders absorbed massive losses.

A single whale position worth $21 million was completely wiped out, marking the largest non-BTC/ETH liquidation of the period.

Popcat price crashed 20% intraday to $0.13, dropping out of top ten Solana memecoins amid manipulation concerns.

Solana-based memecoin Popcat POPCAT $0.13 24h volatility: 11.9% Market cap: $131.39 M Vol. 24h: $232.61 M recorded a 500% increase in trading volume on Nov. 12, driven by panic and speculation after reports surfaced alleging possible market manipulation on Hyperliquid DEX. News aggregator Solanafloor alerted the community to the incident, amid Popcat’s unusual intraday trading activity.

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