Bitcoin24h $63,473.25+0.97%

Ethereum24h $1,709.21+2.00%

BNB24h $606.48+0.39%

XRP24h $1.18+1.94%

Solana24h $67.28+2.09%

TRON24h $0.3271+0.37%

Hyperliquid24h $63.55+8.11%

Dogecoin24h $0.0871+1.63%

UNUS SED LEO24h $9.43-1.68%

Zcash24h $461.48+6.16%

What happened with Trove Markets?

The collectible perp trading project Trove Markets launched its token yesterday, and it shed over 90% of its value in minutes.

Hyperliquid unlocks 12M HYPE tokens, dilutes holders by $330M

A token unlock for Core Contributors increased the supply of Hyperliquid by 5.5% overnight, diluting all other investors.

Gauntlet’s Tarun Chitra claims “greedy” ADL led to excess Hyperliquid losses, and describes a new “risk-aware pro-rata” ADL algorithm.

This weekend’s social media train wreck was a degenerate trader posting AI images of a white whale while losing millions of dollars.