Last night’s flash crash in AI-related stock perpetuals was a wake-up call for everyone trading tokenized U.S. stocks. Looking back, it was a “meat grinder chain reaction”: a whale market-sold $2 million worth of $SNDK longs on Binance. Because liquidity in the new market was too thin, that immediately triggered a flash crash. At almost the exact same second, around 10 addresses on Hyperliquid frantically swept the order books, shorting assets such as SNDK and $MU . Get it, guys? They weren’t taking profits—they were “targeted demolition,” using Binance’s shallow order book to trigger a flash crash, set off liquidations of longs across the market, then ride the move by opening shorts on-chain, completing a perfect loop. This is really exploiting the liquidity loophole to a tee. #纳指道指周度差距创2002年7月来最大