$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 million in USDC to open a large long position on millions of XPL tokens.
The move instantly cleared the order book, lifting the price from $0.60 to $1.80 and forcing a cascade of liquidations across short positions. The trader behind the move secured over $14 million in profit in less than an hour. This explosive event comes as the Hyperliquid rally has accelerated even more.
Was the Trade Linked to …
The post $16.6M in Shorts Liquidated in a 200% XPL Rally — Justin Sun’s Hand? appeared first on Coin Edition.
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$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 million in USDC to open a large long position on millions of XPL tokens.
The move instantly cleared the order book, lifting the price from $0.60 to $1.80 and forcing a cascade of liquidations across short positions. The trader behind the move secured over $14 million in profit in less than an hour. This explosive event comes as the Hyperliquid rally has accelerated even more.
Was the Trade Linked to …
The post $16.6M in Shorts Liquidated in a 200% XPL Rally — Justin Sun’s Hand? appeared first on Coin Edition.
Read More
Hyperliquid’s HYPE Hits Record High Above $50 on Trading Boom, Token Buybacks