😮 What a night for crypto enthusiasts…
In just 10 minutes on Hyperliquid, 85% of positions in XPL (116 million tokens) were wiped out. And all this against the backdrop of the Plasma pool launch on Binance — everyone was farming and hedging en masse.
👉 It is said that Justin Sun is involved in this. He opened a hefty long position, wiped out the order book, ignited a cascade of liquidations, and pocketed $16 million in a minute. He still has a long position of $10.2 million hanging.
The biggest winner was trader TechnoRevenant — his position was automatically reduced (auto-deleveraged), and he exited with +25 million.
Just like that: most traders were left without deposits, while two guys took it all.💰
