BlockBeats news, on August 27, according to on-chain analyst AI Yi @ai_9684xtpa, market rumors suggest that this morning's XPL price manipulation event is related to Justin Sun, as the funding sources were traced back, and the address suspected of price manipulation had transferred ETH to an address associated with Justin Sun five years ago, but there is no direct evidence proving this involves Justin Sun.
BlockBeats reported earlier today that by significantly going long on XPL and pushing the price up to $1.80, three whale wallets cleared other people's positions in less than an hour, making a profit of nearly $38 million.
A certain wallet address went long on millions of XPL on Hyperliquid after 5:35 this morning, directly sweeping the entire order book and squeezing out all short positions. Subsequently, he started to close some long positions, making $16 million in just one minute.
