Data: Multiple giant whales made nearly 38 million dollars in profit within just 1 hour by manipulating the XPL price, while a certain user from the 'Capture qwatio Team' using a 10% hedging strategy still lost 2.5 million dollars.

According to ChainCatcher, monitored by Lookonchain, three giant whale wallets cleared other people's positions in less than an hour by significantly going long on XPL and pushing the price up to 1.8 dollars, a 200% increase, earning nearly 38 million dollars in profit.

A certain wallet address went long on millions of XPL on Hyperliquid after 5:35 this morning, completely clearing the order book and squeezing all short positions. Shortly after, they began to unwind some of their long positions, making a profit of 16 million dollars in just one minute.

Meanwhile, the whale hunting team representative @Cbb0fe, who previously targeted insider @qwatio, stated that during this XPL liquidation event, they used a 10% hedging strategy on their XPL token assets on the HyperliquidX platform, utilizing 1x leverage to short and provided a substantial amount of collateral for protection, but ultimately still faced a loss of 2.5 million dollars. The user expressed, 'I will never touch this isolated market again.'