Whale Movements Alert
💁♀️Data Insights: A total of 4 main addresses are suspected to have participated in $XPL hedging attacks, with total profits of 46.1 million USD. Detailed operational analysis is as follows ▶︎ Address 0xb9c…6801e is the main driving address: since 08.24, it has been accumulating long positions in small quantities multiple times, and at 05:35 early this morning, it made a large purchase that triggered the short positions ▶︎ Address 0xe41...858c7, address 0x006...2a78f, and address 0x894...00779 are profit-taking addresses cooperating with liquidation: all completed long position accumulation between 08.22 - 08.26, and began to close positions at the highest point of XPL. Connection between addresses ♦︎ The funding sources of address 0xe41...858c7 and address 0x006...2a78f are the same, with the former's username on Debank being silentraven, who had a floating profit of over 10 million USD from going long on HYPE in May this year ♦︎ Although address 0xb9c…6801e has no direct funding connection with the above two addresses, the common feature of the three is that their margins were all obtained through debridge cross-chain, and their operational habits are similar ♦︎ Address 0x894...00779 is relatively independent, with margin sourced from Binance, and may have a connection with the above three addresses, or it might just be lucky to have caught the rise of XPL to complete the profit-taking. Operational address portal https://t.co/I80JNYjfj7 https://t.co/pqxxCmJDp9 https://t.co/bqvOUjhhZH https://t.co/lMtlYK1vQg Someone made 46.1 million USD, which corresponds to the hedging/short users losing this much money. Let's see how Hyperliquid will handle it. From exploiting the HLP vulnerability to manipulating coin prices to attack opponent positions, it's not easy for Hyperliquid either 😂