According to on-chain analyst Aunt Ai, the trader @Techno_Revenant staged an "unexpected harvest" drama on the Hyperliquid platform.
The whole story is as follows: After the trader launched Hyperliquid on XPL, he slowly accumulated multiple orders of about 30 million dollars through a small strategy of 44,000 dollars per order for more than two days. In the early morning of August 27, when preparing to establish the last 5 million dollar position, he mistakenly increased the order speed by 10 times due to fatigue, which caused the single transaction volume to surge to 444,000 dollars.
Due to the lack of depth of the Hyperliquid platform, this large order immediately triggered a sharp rise in the price of XPL, and the chain reaction caused thousands of hedging accounts on the platform to be forced to position squaring, involving an amount of up to 159 million US dollars. Unexpectedly, traders found their long positions in an automatic reduction protection state during panic position squaring, and ended up not only not losing but making a profit of 38 million US dollars.
Analysis: Hyperliquid XPL Price Manipulator Profits $38 million Because Mistake Scales Orders 10 Times Faster
2025-08-29 07:59:55
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