Whale Turns $16M USDC Into $14M Profit on Hyperliquid

• Whale deposited $16M USDC into Hyperliquid.
• Opened a huge $XPL long, pumping price to $1.8.
• Closed trade, securing $14M profit in under an hour.

A crypto whale with wallet address 0xb9c0 made headlines after executing one of the most profitable trades on Hyperliquid this week. The trader deposited 16 million USDC into the platform and quickly opened a massive long position on XPL, a token with relatively low liquidity.

This sudden buy pressure sent the price of XPL soaring to $1.8, causing a wave of liquidations across smaller traders who were caught off guard. The rapid spike highlighted how influential a single large player can be in thin markets.

XPL Price Surge and Market Impact

The aggressive long not only pushed prices up but also triggered widespread volatility. Many leveraged short positions were liquidated as the token surged. Market observers noted that such drastic moves underline both the opportunities and risks within decentralized perpetual trading platforms like Hyperliquid.

While smaller traders faced losses, the whale’s strategy showcased how liquidity imbalances can be exploited. By timing the entry and exit perfectly, he maximized gains while minimizing risk exposure.

Profit Secured in Under an Hour

After the price peak, the whale closed his position, walking away with a staggering $14 million profit in less than an hour. This swift and decisive move reinforced the dominance of large players in decentralized markets.

The event serves as a reminder for traders to stay cautious when trading highly leveraged assets on emerging platforms. With such volatility, fortunes can be made—or lost—in minutes.

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