SpaceX Contract Crashes 45% in 30 Minutes: How Hyperliquid's Pre-IPO Bet Wiped Out $1.5M in Retail Money
Hyperliquid's SPACEX-USDH perpetual contract crashed 45% in 30 minutes, liquidating 405 users and wiping $1.51 million. Here's the full breakdown of what went wrong and what retail traders must know. Overview On May 28, 2026, Hyperliquid's SPACEX-USDH perpetual contract suffered one of the most dramatic flash crashes seen on a decentralized derivatives platform this year. Within a single 30-minute window, the contract plunged from $2,277 to a low of $1,254 — a near-45% collapse — before partiall