Hyperliquid Whales Net $48M on 200% XPL Rally, Amid Manipulation Allegations

Justin Sun Accused Of Manipulating Plasma On Hyperliquid, Triggering $4.6M Trader Loss - FinanceFeeds

Four large cryptocurrency traders pocketed nearly $47.5 million in profits on Wednesday after allegedly manipulating the price of Plasma’s native token (XPL) on decentralized exchange Hyperliquid, leaving at least one counterparty nursing a $4.6 million loss, according to blockchain analytics platform Spot On Chain. The incident unfolded after XPL, which runs on the recently launched Plasma blockchain, surged more than 200% to $1.80 within minut…

$48M Whale Gains Spark Manipulation Claims on Hyperliquid

The decentralized derivatives exchange Hyperliquid is once again in the spotlight after a shocking rally in the XPL token generated nearly $48 million in profits for a handful of whales, sparking accusations of manipulation and raising new concerns about the fairness of decentralized pre-launch markets. The drama unfolded when four large traders aggressively drove XPL’s […]

Hyperliquid faces whale manipulation claims as HYPE reaches new all-time high – MAXBIT

Decentralized exchange Hyperliquid is under scrutiny after a sharp rally in its HYPE token coincided with whale-driven manipulation claims on its platform. On Aug. 27, analytics firm SpotOnChain reported that a cluster of large wallets pushed XPL’s price up by 200% to $1.80 before it quickly retraced. The sudden move transferred millions between traders. According...

Hyperliquid whales net $48M on 200% XPL rally, amid manipulation allegations

The post Hyperliquid whales net $48M on 200% XPL rally, amid manipulation allegations appeared first on Daily Truth Report • DailyTruthReport.com.

$16.6M in Shorts Liquidated in a 200% XPL Rally — Justin Sun's Hand?

A single wallet deployed $16 million to ignite a 200% surge in the XPL token on Hyperliquid. The move triggered a liquidation cascade that wiped out a total of $16.6 million in short positions. The trader behind the move secured over $14 million in profit in less than one hour from the trade. A single, massive trade on Hyperliquid ignited a 200% surge in the XPL token in minutes. At 05:35 UTC-4, on-chain data shows wallet 0xb9c0 deployed $16 mil…

Was It Justin? XPL Soars 200% on Hyperliquid as Whale Wipes Out Order Book – #CryptoUpdatesGNIT

A large wallet rocked the Hyperliquid market when it deposited 16 million USDC and opened millions of XPL long positions in just a few minutes. This move instantly “swept clean” the order book, liquidating all short positions and driving XPL’s price to soar over 200% from the $0.58 range to a peak of $1.80. Liquidity Shock According to data from Lookonchain, this wallet partially closed its position within less than a minute and secured a $16 mi…