Hyperliquid Tightens XPL Contract Mark Price Formula Amid Volatility Surge

In response to a significant 200% surge in XPL contract prices, Hyperliquid has implemented stricter mark price formulas to prevent future market manipulation. This move follows an assessment of pricing volatility and aims to protect investors from losses. The surge was fueled by a major deposit from address 0xb9c… which significantly impacted the token’s market dynamics. Hyperliquid’s aim is to ensure a stable and transparent trading environment for all users, mitigating potential financial risks.