According to Lookonchain, XPL short sellers are depositing large amounts of USDC into Hyperliquid to avoid liquidation, including:
Deposit $44 million at addresses starting with 0x142a, and raise its 3 times short XPL position liquidation price to $4.025;
Deposit $29 million to the address starting with 0x0Aa9, and raise its 3 times short XPL position liquidation price to $10.73;
The two XPL short addresses together deposited 73 million USDC into Hyperliquid to avoid liquidation
2025-08-27 10:06:29
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