Massive WLFI token burns and significant whale movements in XPL and ASTER have led to heightened market volatility and liquidity shifts within DeFi protocols. Notably, prominent trader Cooker executed a sale of 575,045 ASTER for $1.18 million USDC, subsequently leveraging the funds to establish a 3x long position on XPL, resulting in over $1 million in floating profit. These substantial transactions have prompted strategic repositioning among traders and attracted regulatory scrutiny due to the high concentration of supply.