Lighter responds to "HYPE abnormal order book data": caused by a runaway bot, no liquidations occurred, and no on-chain data was modified.
BlockBeats News, October 28, regarding the abnormal price fluctuations in the HYPE market early this morning, Lighter stated on the X platform: "A runaway bot flooded the HYPE order book with large orders, but aside from this, there were no forced liquidations or other negative impacts. This trade was executed at an extremely high price with very low volume, resulting in a long upper shadow that caused issues with chart scaling. Therefore, this data has been removed from the frontend interface. It is important to emphasize that on-chain data has not been modified and cannot be modified; users can view it on the block explorer. Since we operate the main frontend interface, we present the chart in the way that is most helpful to traders; however, other frontends built on Lighter can choose different display methods as they see fit."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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