Solana-based memecoin Popcat recorded a 500% increase in trading volume on Nov. 12, driven by panic and speculation after reports surfaced alleging possible market manipulation on Hyperliquid DEX. News aggregator Solanafloor alerted the community to the incident, amid Popcat’s unusual intraday trading activity. Popcat’s futures markets data from Coinglass revealed that over $63 million in long positions were liquidated within four hours, as traders rushed to close out overleveraged positions. Of this, $62 ...