A trader using the address 0xb9c...6801e executed a significant long position on XPL at 05:35, clearing the order book on Hyperliquid and squeezing out short positions, primarily 1x hedges. This maneuver resulted in a $16 million profit within a minute. The trader's capital originated from two main sources: 4.99 million USDC transferred from address 0x5dE...c03c3 three hours prior, and 10.98 million USDT bridged via DeBridge from address 0xae0...97150. Speculation links the trader to Justin Sun due to historical ETH transfers to a related address, though no direct evidence confirms this. Since August 24, the trader has been accumulating long positions in small amounts, avoiding market impact. Currently, they hold a 1x XPL long position valued at $8.58 million, with an unrealized gain of $620,000.