Last night, the XPL hedging army was completely wiped out, suspected to be led by Brother Sun's targeted attack?
It is suspected that a total of 4 main addresses participated in the $XPL hedging attack, with a total profit of 46.1 million USD.
The specific operation analysis is as follows:
▶︎ Address 0xb9c…6801e is the main driving address: started accumulating long positions in small amounts multiple times since 08.24, and made a large purchase at 05:35 this morning to blow up the short positions.
▶︎ Address 0xe41...858c7, address 0x006...2a78f, and address 0x894...00779 are the addresses cooperating in liquidation for profit: all completed long position accumulation between 08.22 - 08.26, and started closing positions at the temporary peak of XPL.
Associations between addresses:
♦︎ The funding source of address 0xe41...858c7 and address 0x006...2a78f is the same, with the former's username on Debank being silentraven, who made a profit of over 10 million USD from long positions in HYPE in May this year.
♦︎ Although address 0xb9c…6801e does not have a direct financial connection with the above two addresses, the common point among the three is that their margin was obtained through debridge cross-chain, and their operational habits are similar.
♦︎ Address 0x894...00779 is relatively independent, with margin sourced from Binance; it may be connected to the above three addresses, or it may have simply been lucky to catch the XPL rise and complete profit-taking.
Total profit of 46 million USD. $XPL
