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A whale is attempting to manipulate the XPL price on Hyperliquid to liquidate short positions
By: theblockbeats.news|2025/08/29 09:52:16
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BlockBeats News, August 29th, according to LookIntoChain monitoring, a whale is attempting to manipulate XPL to liquidate a short position.
In the past three hours, the whale (possibly the same as last time) has created 4 wallets and deposited 10 million USDC into Hyperliquid to long XPL.
Earlier reports indicated that on August 27th, XPL experienced a short-term 200% surge on Hyperliquid, where a whale went long, "sweeping" the order book in just 1 minute and earning $16 million.
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