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Fartcoin Crypto Pump and Dump Inflicts $1.5M Blow on Hyperliquid: Coordinated Attack Exploits Liquidation Engine

Fartcoin Crypto Pump and Dump Inflicts $1.5M Blow on Hyperliquid: Coordinated Attack Exploits Liquidation Engine

Cryptonews
Author:
Cryptonews
Release Time:
2026-04-09 09:46:41
0

A coordinated on-chain attack has exposed critical vulnerabilities in Hyperliquid's decentralized exchange infrastructure, resulting in a $1.5 million loss from its liquidity vault. Blockchain analytics firm PeckShield issued an urgent alert after tracking four linked wallets that executed a sophisticated pump-and-dump scheme on the low-liquidity FARTCOIN market, weaponizing the platform's own liquidation mechanics against its HLP vault. The attackers accumulated a $15 million notional long position in FARTCOIN, driving its price up 20% in under four hours before triggering cascading liquidations that forced the HLP vault to absorb massive counterparty losses.

Can FARTCOIN Crypto Recover After Hyperliquid Incident?

FARTCOIN’s engineered pump notwithstanding, the token’s longer-term chart tells a grimmer story. The coin peaked at $2.48 in January 2025 and has shed approximately 93% of its value since, trading near $0.17 as of today. The 20% Hyperliquid spike represents a blip against that decline.

Volume context matters here. FARTCOIN trades in a thin market, exactly why the coordinated Hyperliquid long allegation was effective in the first place. Thin order books mean outsized price reactions to relatively modest capital flows, making the token a recurring target for manipulation that has defined the 2025 memecoin landscape.

Allegedly, a cluster of crypto wallets drove FARTCOIN by 20% on Hyperliquid, then weaponized the platform's liquidation mechanics against it.

FARTCOIN USDC, Hyperliquid

For Fartcoin itself, immediate resistance sits near the $0.20–$0.22 range, which previously acted as support through Q4 2025 before the breakdown. Below the current price, $0.12 represents the next identifiable demand zone. Moving averages are stacked bearishly and are sloping downward, with price trading well beneath both.

Maxi Doge Targets Early Mover Upside as Memecoins Flash Manipulation Risk

FARTCOIN’s chart raises an uncomfortable reality for late participants: by the time a memecoin is being used as a vehicle for eight-figure coordinated squeezes, the asymmetric upside has long since transferred to early holders.

Chasing the spike is the trade that funds other people’s PnL. The rotation play and finding the next leveraged memecoin narrative before it prints are where the real edge lies.is positioning directly inside that thesis. The ERC-20 token frames itself around a 1000x leverage trading culture, embodying the bull market grind.

WHERE ALL THE BULLS AT? WE DON'T QUIT. pic.twitter.com/J30E70EV5f

— MaxiDoge (@MaxiDoge_) March 31, 2026

Current presale price sits at, with just underraised to date. Staking also offers a hugefor early participants. Features include holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnership deployment, and meme-first marketing built around gym-bro humor that travels well on social.

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