HYPE momentum weakens as Hyperliquid users face order glitches
Main Idea
Hyperliquid DEX users are experiencing technical issues with uncontrollable old orders and frozen trades, leading to a 5% dip in HYPE token value and community frustration.
Key Points
1. Hyperliquid users report uncontrollable old orders and frozen trades, causing difficulties in trading and risk management.
2. The Hyperliquid team has confirmed ongoing investigations to resolve the API outage affecting frontends and blocking actions like shorting HYPE and closing positions.
3. HYPE token value dropped 5% amid debates over a potential exploit, with trading volume increasing by over 50%.
4. Community reactions range from frustration to concerns about a potential hack, with some users unable to sell their HYPE due to the outage.
5. The 3H Relative Strength Index at 45.27 suggests further potential declines for HYPE before reaching oversold territory.
Description
Decentralized exchange Hyperliquid faces a backlash today as users report serious malfunctions. Traders flood X (formerly Twitter) to express their frustrations as they encounter glitches like expired orders suddenly executing and frozen traders. The disruption has made it impossible to access Hyperliquid’s frontends, making it difficult for users to short HYPE, manage risk, or close existing trades. According to the latest update: Hyperliquid’s HYPE API is down, disabling all frontends and bloc...
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