According to BlockBeats, on March 16th, Ventuals, a trading platform based on the HIP-3 platform, experienced a run on HYPE withdrawals. The Ventuals-issued HYPE liquidity staking token, vHYPE, briefly fell to $9 before recovering to $31. HYPE is currently priced at $37.5, meaning vHYPE still represents an approximately 18% discount. Hyperliquid HIP-3 allows anyone to deploy their own perpetual contract sub-DEX, but requires staking at least 500,000 HYPE. Ventuals issues its liquidity staking token, vHYPE, after absorbing HYPE from users. However, its vault is currently nearing the minimum 500,000 HYPE staking threshold, leading to panic redemptions. Ventuals CEO Alvin Hsia stated that this is not a bug, but rather a problem with the design of the rules. Withdrawals will be suspended once they approach the vault threshold to avoid disrupting traders in the Ventuals market. Ventuals is partnering with private LPs to increase HYPE holdings. Ventuals and its partners will offer vHYPE to HYPE at a 0.85:1 ratio through major secondary liquidity pools, as a final discount floor, guaranteeing exits at a discount of up to 15% if users require immediate liquidity.