On September 28, according to blockchain data analyst Yu Jin, one of the whales (Whale trader) who made a profit of 38.77 million dollars a month ago by manipulating the liquidation of XPL contracts, is currently making new profits from trading XPL amounting to 41.38 million dollars.
Previously, on August 27, this trader first set a trap for a long position through two wallets, then pushed the price up to trigger the liquidation and reduce the auto-deleveraging, achieving a profit of 38.77 million dollars. After that, he distributed the profits across chains to more than 20 addresses, then using 1x leverage, reopened a long position of about 45 million XPL at an average entry price of 0.77 dollars. At that time, he held the vast majority of long positions in XPL on the Hyperliquid platform.
These long positions remained the same until yesterday, when all XPL buy contracts with 1x leverage were closed at a price of $1.3. Then, XPL was purchased instantly (Spot). Currently, he holds about 45.47 million XPL Spot, at a cost price not exceeding $0.77, giving him a huge unrealized profit of $41.38 million.
