13 hours ago
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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 blocking actions like shorting HYPE and closing positions, though blocks are still being produced, liquidations might be paused, and the team is actively working to resolve the issue.
BREAKING: Hyperliquid’s – $HYPE API is down, disabling all frontends and blocking actions like shorting HYPE and closing positions, though blocks are still being produced, liquidations might be paused and the team is actively working to resolve the issue.
Some are failing to execute new or close open trades, as others see old order limits activating.
The sudden outage has stirred panic among the community, especially HYPE holders.
The altcoin reflects the sentiment shift with a swift 5% dip to intraday lows of $42.95.
HYPE community frustrated amid sudden outage
The community has reacted differently on Discord and X.
Others expressed anger due to a lack of safeguard mechanisms, as some made fun of the incident with sarcastic posts and memes.
Trying to panic sell my $HYPE but I can’t because everything is down Incredible diamond hands technology
One user attacked Hyperliquid for being a decentralized ecosystem plagued with bugs, bull traps, and outages.
Despite the humor, the situation signals a serious concern.
Decentralized finance is an open marketplace that relies on user trust, and top platforms facing outages during crucial trading times raise questions about infrastructure preparedness and transparency.
Is it a hack?
Though current details do not suggest an exploit, the community speculates about a potential attack on the DEX.
Some claim to observe suspicious wallet activity, suggesting that a simple backend bug could materialize into a massive hack.
Users will wait for a comprehensive postmortem from the team for details about the ongoing malfunction.
The DEX’s team issued an official comment through Discord, confirming that developers are actively scrutinizing the issue.
Though without many details, they have guaranteed more updates as they investigate the incident.
HYPE price outlook
The alt hovers at $43.44 after plunging from yesterday’s $45.98 intraday high.
Its 24-hour trading volume has increased by over 50%.
Chart by CoinmarketcapThat highlights increased speculative activities as participants look to capitalize on the current fluctuations.
Technical indicators demonstrate potential trend shifts to bearishness.
The 3H Moving Average Convergence Divergence crosses the signal line to the downside as red histograms emerge.
Also, the 3H Relative Strength Index at 45.27 indicates room for further HYPE declines before hitting the oversold territory.
The alt will likely plunge further in the coming hours as selling pressure dominates.
However, HYPE’s trajectory depends on how swiftly the team resolves the outage and is transparent to the community.
More problems without quick fixes will damage Hyperliquid’s reputation further. That might lead to significant value loss for native HYPE.
The post HYPE momentum weakens as Hyperliquid users face order glitches appeared first on Invezz
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