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Multiple Whale Manipulation Causes XPL Price to Skyrocket, Netting Nearly $38 Million in Profits in Just 1 Hour

By: theblockbeats.news|2025/08/27 02:11:39

BlockBeats News, August 27th, according to LookIntoChain monitoring, through heavily longing XPL and pushing the price up to $1.80, three whale wallets cleared out others' positions in less than an hour, earning nearly $38 million in profit.

BlockBeats reported earlier today that a wallet address longed for millions of XPL on Hyperliquid this morning after 5:35, directly sweeping the entire order book and squeezing all short positions. He then started closing some long positions, earning $16 million in just one minute. XPL skyrocketed to $1.80 within 2 minutes, with an increase of over 200%.

Vitalik: The probability given by the prediction market is usually more accurate than the judgment formed by media influence

Avantis has announced the AVNT Tokenomics, and the airdrop snapshot has not been taken yet.