A whale is attempting to manipulate the XPL price on Hyperliquid to liquidate short positions

BlockBeats News, August 29th, according to LookIntoChain monitoring, a whale is attempting to manipulate XPL to liquidate a short position.

In the past three hours, the whale (possibly the same as last time) has created 4 wallets and deposited 10 million USDC into Hyperliquid to long XPL.

Earlier reports indicated that on August 27th, XPL experienced a short-term 200% surge on Hyperliquid, where a whale went long, "sweeping" the order book in just 1 minute and earning $16 million.