Analyst Specter accused BTX Capital and founder VanessaCao of manipulating POPCAT and TST token prices on Hyperliquid, citing a November 12 incident where a $25 million buy wall triggered liquidations. The move allegedly caused $4 million in losses to the involved party and $4.9 million to Hyperliquid’s liquidity pool. These allegations expand on earlier reports of a $63 million liquidation event and $4.9 million platform losses tied to POPCAT price moves.