Foresight News reports that, according to @mlmabc's monitoring, a certain wallet address made a multi-million XPL transaction on Hyperliquid this morning, completely emptying the order book. He then began to close some of his long positions, earning 16 million dollars in just one minute. XPL skyrocketed to 1.8 dollars within 2 minutes, an increase of over 200%. He currently still holds 15.2 million XPL (worth approximately 10.2 million dollars).

mlm added, 'This is one of the craziest liquidation events I've seen on Hyperliquid.'