<strong>XPL Price Manipulation Nets $38.77 Million in Liquidation Profits, Whale Opens $31 Million XPL Long Position Through 15 Addresses Again</strong>

BlockBeats News, August 29th, according to Delphi Digital's monitoring, the day before yesterday, a whale made $38.77 million in profit through manipulating XPL liquidation and has recently been gradually dispersing the profit funds to more than 20 addresses. Subsequently, some of the funds were re-deposited into Hyperliquid to leverage 1x long XPL.

Currently, they have opened at least 15 positions with 1x leverage to long XPL, with a total position value of $31 million, and an average entry price of around $0.7.

The total combined long and short positions for XPL on Hyperliquid is currently around $80 million, meaning the vast majority of the XPL long positions are held by this whale.