XPL experienced a dramatic 200% surge to $1.80 on the Hyperliquid platform today, driven by whale manipulation. Key orchestrators, including addresses 0xb9c, 0xe41, 0x006, and 0x894, profited significantly, with gains of $15.11M, $12.97M, $10.52M, and $9.07M respectively. Meanwhile, notable victims such as addresses 0xC2Cb and 0x64a4 suffered losses of $4.59M and $2M.
This event highlights ongoing vulnerabilities within Hyperliquid, where whales have been exploiting HLP weaknesses to manipulate prices and snipe positions. The platform's response to these manipulations remains to be seen, underscoring the high-risk nature of this market.
Whale Manipulation Causes XPL to Surge 200% on Hyperliquid
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