On Hyperliquid, Ethereum (ETH) trading volume over the past 24 hours surpassed Bitcoin (BTC), hitting approximately $1.1 billion.

On the Hyperliquid platform, ETH’s 24-hour trading volume exceeded BTC’s $805 million, reaching approximately $1.1 billion. Market analysts link the surge in ETH’s trading volume to suspected exploitation of PaperTrade’s mechanisms. Earlier today, reports indicated PaperTrade was targeted for price manipulation by two wallet addresses, with clear vulnerabilities in the protocol. The two addresses conducted trades on Hyperliquid at individual sizes of around $20 million, driving ETH’s price to fl

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