The onchain perpetual market operator announced it will cover eligible liquidation losses after SK Hynix contract prices cratered nearly 19% in a single move Monday night. Trade.xyz runs perpetual contracts on Hyperliquid, and SK Hynix, the major South Korean chipmaker deep in AI memory production, is one of its most-traded names. SK Hynix Contracts Are Hyperliquid’s Heaviest HittersThese aren’t fringe contracts. Frequently Asked Questions What caused the SK Hynix contract price to drop nearly 19% on Trade.xyz? How much trading volume do SK Hynix contracts generate on Hyperliquid?