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💀 Manipulators made nearly $3,000,000 on XPL.
➠ Seven accounts were created on Hyperliquid with about $1.85m in order to drive up the token price #XPL.
➠ They opened long positions in bulk, artificially raising the price and creating the appearance of strong demand.
➠ At the peak of the movement, $4.63m was simultaneously withdrawn from the exchange. The total result of the scheme—about $2.78m in profit.
➠ Next, the positions were deliberately pushed to liquidation through the HLP mechanism, causing the Hyperliquid liquidity pool to incur a loss of approximately $600k.
➠ Analysts also note similar activity on #ASTER, , where an additional ~$324k was earned.