Coordinated Market Manipulation Spotted on FARTCOIN Perp on Hyperliquid

Tekedia | 10-04-2026 12:40pm |

A major manipulation attempt or suicide liquidation play on FARTCOIN perpetuals on Hyperliquid went down today and it backfired spectacularly for the aggressor while hitting the platform’s liquidity providers. A trader used four wallets to build a massive leveraged long position totaling ~145.24 million FARTCOIN tokens—notional value around $15 million. They accumulated during a low-liquidity

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