\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tThe risks of trading pre-IPO markets were highlighted in the most recent SpaceX flash crash. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Through HIP-3, Hyperliquid enables independent builders to construct markets that tap into the exchange\u2019s existing architecture and liquidity. This has made it possible for venues to build tokenized stocks and even \u201cpre-markets\u201d for stocks that have yet to conduct an initial public offering.<\/p>\n
Ventuals is one such exchange that allows users to trade pre-markets for popular companies such as OpenAI and SpaceX.<\/p>\n
Trading under the SPACEX-USDH pair on Hyperliquid, the pair reflects what traders believe is a fair valuation of Elon Musk\u2019s company before it went public, and it has allowed speculation for a long time now, regularly attracting $2.9 million in open interest and over $5 million in 24-hour volume.<\/p>\n
Yesterday, the market flash-crashed by a whopping 45%, dropping from around $2,200 to $1,200, triggering the liquidation of more than $1.5 million in leveraged long positions held by hundreds of traders.<\/p>\n Ventuals, the provider for this particular market, gave an explanation<\/a> on their official X account and hinted at compensation:<\/p>\n The offchain data provider used as a component of the oracle price returned incorrect data, which caused the market\u2019s oracle and mark price to move dramatically. This led to the liquidation of some user positions.<\/p>\n We have taken immediate steps to prevent this form happening again on any of the pre-IPO markets, and are evaluating the impact it had on affected users for appropriate compensation.<\/p>\n<\/blockquote>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>Source: Hyperliquid<\/figcaption><\/figure>\nVentuals, the provider for this particular market, gave an explanation<\/a> on their official X account and hinted at compensation:<\/p>\n\nThe offchain data provider used as a component of the oracle price returned incorrect data, which caused the market\u2019s oracle and mark price to move dramatically. This led to the liquidation of some user positions.<\/p>\nWe have taken immediate steps to prevent this form happening again on any of the pre-IPO markets, and are evaluating the impact it had on affected users for appropriate compensation.<\/p>\n<\/blockquote>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The risks of trading pre-IPO markets were highlighted in the most recent SpaceX flash crash. Through HIP-3,…\n","protected":false},"author":2,"featured_media":44197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-44196","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/44196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44196"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/44196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/44197"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-29-090342.png\"){kind=link}