The cryptocurrency market saw a significant downturn following October’s declines, and concerns around price manipulation have arisen. Crypto analyst Specter has raised suspicions regarding BTX Capital founder Vanessa Cao’s alleged involvement in manipulating the prices of several altcoins on the Hyperliquid platform, including POPCAT. These allegations stem from Cao’s reported actions on November 12th where she reportedly created a buy wall of $25 million for POPCAT at a price point of $0.21 to artificially boost demand. Following this action, Cao then withdrew the orders, leading to cascading liquidations and substantial losses for highly leveraged investors, estimated at $4.9 million in HLP.