# A Single Anomalous Trade Crashed a Tokenized SK Hynix Perp 20% and Liquidated 57 Million Dollars

The oracle for Hyperliquid's HIP-3 market read a single off-exchange trade 30 percent below the prior close, and Trade.xyz says it will cover eligible losses.

- Published: 2026-07-29T05:31:19.615Z
- Canonical: https://polylog.news/crypto/2026-07-29/a-single-anomalous-trade-crashed-a-tokenized-sk-hynix-perp-2
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/inside-the-brutal-2-minute-flash-crash-sending-a-400m-south-korean-market-plunging-on-hyperliquid/), [crypto.news](https://crypto.news/trade-xyz-to-cover-sk-hynix-liquidation-losses/), [CoinDesk](https://www.coindesk.com/business/2026/07/28/hyperliquid-is-taking-crypto-perps-deep-into-defi-s-money-lego-land)

A perpetual futures contract tracking the South Korean chipmaker SK Hynix fell about 20 percent in roughly two minutes on Hyperliquid, then recovered, after the market's price oracle took in a single anomalous trade. On South Korea's NXT al…

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