Whales Profit $48M in XPL Price Surge
- Whales profit $48M, causing market controversy.
- Price surge raises manipulation concerns.
- Hyperliquid implements controls post-event.
Hyperliquid whales earned $48M by leveraging XPL’s 200% surge, raising manipulation concerns. Main orchestrators included wallets like 0xb9c, earning $15.11M. The event exposed liquidity risks, prompting Hyperliquid’s plans to cap future price volatility.
In a significant market event, Hyperliquid ‘s XPL token experienced a sudden 200% price surge, driven by whales exploiting leveraged long positions, resulting in $48 million in profits. The incident has sparked manipulation claims and concerns over platform vulnerabilities.
The event reveals critical vulnerabilities in market systems, highlighting a need for enhanced risk management to prevent manipulation. Immediate reactions include scrutiny from traders and calls for regulatory oversight.
Main whale orchestrator 0xb9c was among several key players profiting significantly, demonstrating the risks associated with leveraged trades. Industry reactions call for stronger security measures to counteract systemic weaknesses in cryptocurrency platforms.
“After closing the positions, the whale made $16 million in ‘just one minute.’ $XPL pumped to $1.80, over 200% in 2 minutes.” – MLM, On-chain Analyst, Twitter
Hyperliquid announced the implementation of a price cap mechanism to limit volatility and reduce manipulation risks. Community reactions indicate both concern and support for these measures.
Increased volatility has caused disruption within financial markets, affecting both retail and institutional investors. The incident underscores the necessity of transparency in trading platforms. Prior manipulative activities in similar scenarios further emphasize these concerns.
Potential regulatory actions might emerge to protect traders and stabilize markets. Previous events suggest a trend in increased whale activity during volatile market conditions, underscoring the importance of stringent trading controls.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Plume Bridges Traditional and DeFi Worlds with Native USDC and CCTP V2
- Plume integrates native USDC and CCTP V2 to enable faster, secure cross-chain transactions for institutional-grade DeFi and RWAfi operations. - TVL surged 441% to $238M since June 2025, with 200+ apps supported, highlighting Plume's growth as a leading RWAfi blockchain. - CCTP V2's "burn and mint" mechanism eliminates intermediaries, reducing costs and complexity while enhancing security for institutional adoption. - Native USDC's regulatory compliance and 1:1 USD backing align with Plume's mission to br
MoonBull and BlockDAG: Why Exclusivity and Timing Define 2025’s Crypto Winners
- MoonBull ($MOBU) leverages Ethereum-based tokenomics with 66%-80% APY whitelist rewards, driving 300% registration growth and compounding advantages for early adopters. - BlockDAG (BDAG) secures $395M presale with $0.0013 flat-rate pricing, achieving 2,900% early returns and 3M+ users via X1 miner app and 4,500+ dApp developers. - Both projects redefine crypto value propositions: MoonBull merges meme culture with institutional-grade incentives, while BlockDAG combines physical infrastructure with hybrid
BlockDAG Rivals Top Cryptos with Real-World Mining and $389M Momentum
- BlockDAG (BDAG) has raised $389M via 30 presale batches, selling 25.5B coins at $0.03 with a guaranteed $0.05 listing price. - The project attracted 3M users through its X1 mining app and shipped 19K+ X-series miners, building active infrastructure pre-launch. - Partnerships with Seattle Seawolves, UFC champion Alex Pereira, and Inter Milan expanded its reach beyond crypto circles. - Analysts project $1 short-term and $5–$10 long-term price targets, driven by dApps, smart contracts, and decentralized min
Can a blockchain dream build a real city—or just a digital mirage?
- Akon's proposed blockchain-powered Senegal city faces scrutiny over unmet infrastructure goals and sustainability challenges. - Critics highlight governance gaps, regulatory uncertainty, and unstable crypto ecosystems as barriers to scaling decentralized urban projects. - While supporters praise Akon's African development track record, skeptics demand transparent progress metrics to validate the project's viability. - Global blockchain city initiatives show mixed results, with most struggling to integrat
Trending news
MoreCrypto prices
More
