TradeXYZ, the leading HIP-3 market provider on Hyperliquid, is being called out by its competitors after a single user triggered a 3.5% selloff in the XYZ100 market on Sunday afternoon.

The move appeared to be a planned attack, as a newly funded wallet shorted $10 million of the XYZ100, which tracks Nasdaq (NQ) futures, and successfully liquidated $13 million of long positions despite the NQ not trading on Sundays.

Prices rebounded closer to the oracle price within 30 minutes, but critics and competitors were quick to call out the platform, lamenting TradeXYZ's 24/7 markets.

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