According to @ThinkingUSD, the Polyhedra (ZKJ) token plummeted over 80% following what the team described as a coordinated liquidity attack on a PancakeSwap pool. The source states that on-chain data revealed several addresses draining millions from the ZKJ/KOGE pool, with one wallet dumping 1.57 million ZKJ. In response, the Polyhedra team reportedly injected approximately $30 million in liquidity (USDT, USDC, and BNB) and announced a buyback plan to restore stability. In related market volatility, a trader on the decentralized derivatives exchange HyperLiquid, identified as AguilaTrades, turned a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. The analysis points to a 4% drop in BTC's price as the cause, highlighting the significant risks of leveraged trading within Bitcoin's recent range between approximately $100,000 support and $110,000 resistance.

According to @EmberCN, a recent drop in Bitcoin's (BTC) price triggered a massive market sell-off, leading to over $1.15 billion in liquidations for crypto bulls. The source reports that a single trader on the decentralized exchange HyperLiquid saw an unrealized profit of $10 million on a BTC long position evaporate into a $2.5 million loss after Bitcoin fell from a high of $108,800. This event was part of a wider market downturn where over 247,000 traders were liquidated in a 24-hour span, with long positions accounting for over $1 billion of the losses, as per Coinglass data cited in the report. The largest single event was a $200 million BTC long liquidation on Binance. The price action saw BTC fall over 3% to $104,700, while Ether (ETH) dropped 8% to $2,530, and other tokens like Solana's SOL and Dogecoin (DOGE) also fell by over 8%, highlighting the significant risks of leveraged trading in the volatile crypto market.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a dramatic reversal, turning a $10 million unrealized profit into a $2.5 million loss. The loss occurred after the trader entered a leveraged long position on Bitcoin (BTC) at $106,000, only for BTC to fall 4% from a high of $108,800 to around $104,000. Current market data shows BTC trading at approximately $105,592. This incident highlights the risks of using leverage in a range-bound market, as Bitcoin has been oscillating between $100,000 support and $110,000 resistance since May 9. The source notes this is not the trader's first significant loss, citing a previous event where a $5.8 million profit turned into a $12.5 million loss, underscoring the dangers of high-leverage strategies during periods of low but sharp volatility.

According to @EmberCN, a trader on the decentralized exchange HyperLiquid, known as AguilaTrades, turned a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. The source states this occurred as BTC fell 4% from its recent high, trapping the trader in a range-bound market that has persisted between $100,000 support and $110,000 resistance since May. This follows a previous incident where the same trader reportedly lost $12.5 million. In stark contrast, Bitcoin Cash (BCH) rallied 3.15% to $480.10, defying the broader market downturn. The analysis attributes the BCH surge to a 21.98% increase in 24-hour trading volume over its 30-day average, which confirmed strong buying interest and helped it break key resistance levels.

According to @OnchainDataNerd, the USELESS memecoin has surged to a valuation near $90 million by capitalizing on its ironic 'useless' branding. A key supporter, Unipcs, reportedly argues that USELESS is significantly undervalued compared to other memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), viewing its absurdity as a strength that attracts attention. In parallel, the report highlights extreme volatility in derivatives trading, where a trader on HyperLiquid known as AguilaTrades turned a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. This loss occurred as BTC continues to trade in a tight range, which the source identifies as being between approximately $100,000 and $110,000, making highly leveraged plays exceptionally risky.

According to @lookonchain, a sharp downturn in the crypto market triggered over $1.15 billion in liquidations, predominantly affecting bullish leveraged positions. The market volatility led to one of the largest single liquidations of the year, a $200 million Bitcoin (BTC) long position on Binance, as cited in the report. In a specific case on the decentralized exchange HyperLiquid, a trader known as AguilaTrades experienced a dramatic reversal, turning a $10 million unrealized profit into a $2.5 million loss when their BTC long position was caught in the downturn. This event occurred as Bitcoin fell 4% from its recent high to around $104,000. Data from Coinglass showed that over 247,000 traders were liquidated in a 24-hour period, with Ether (ETH) also sinking 8% to $2,530, underscoring the high risks of leveraged trading in the current range-bound market.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a significant reversal, turning a $10 million unrealized profit into a $2.5 million loss. This occurred after the trader entered a leveraged Bitcoin (BTC) long position at $106,000 and held it as the price fell from a high of $108,800 to around $104,000. The source highlights that this is not an isolated incident for the trader, who previously saw a $5.8 million gain turn into a $12.5 million loss on another BTC long. This event underscores the risks of using high leverage in a range-bound market, where Bitcoin has been oscillating between approximately $100,000 support and $110,000 resistance since early May.

According to Lookonchain, a trader on Hyperliquid erased a $27.88 million profit within just four days, ultimately ending with a $105,000 loss (source: Lookonchain, May 30, 2025). This dramatic reversal highlights the high volatility and risk involved in perpetual DEX trading. Such rapid liquidation events on platforms like Hyperliquid can increase short-term volatility and trigger cascading liquidations, affecting broader crypto market sentiment. Traders are advised to review risk management strategies and monitor on-chain activity for similar liquidation patterns that could impact token prices across decentralized derivatives markets.

According to Lookonchain, a trader on Hyperliquid erased $27.88 million in profits within just four days, ending with a $105,000 loss (source: Lookonchain, May 30, 2025). This dramatic loss highlights the extreme volatility and risk exposure in decentralized perpetuals trading. Such rapid reversals can impact liquidity and sentiment across the crypto futures ecosystem, potentially increasing caution among traders and affecting open interest on platforms like Hyperliquid (source: hyperdash.info).

According to Lookonchain, a trader incurred substantial losses after purchasing 1.11 million $LIBRA for 14,214 $SOL (approximately $2.85 million) and subsequently selling it for only 3,954 $SOL (around $781,000), resulting in a loss of 10,260 $SOL (approximately $2.07 million) within just two hours. This event highlights the extreme volatility and risks associated with trading in the cryptocurrency market, emphasizing the need for careful risk management and analysis. (source: Lookonchain)