Whales Bag $48M from XPL’s 200% Pump on Hyperliquid
Whales made $48M on Hyperliquid as $XPL soared 200%, stirring manipulation concerns.
- $XPL surged 200% on Hyperliquid, triggering manipulation claims.
- Whales profited over $48M during the rapid price move.
- Community demands transparency amid suspicious trading activity.
Whales Score Big as XPL Skyrockets on Hyperliquid
A dramatic price surge of over 200% in $XPL on the Hyperliquid exchange has stirred controversy, as whale traders reportedly pocketed $48 million in profits. While sharp rallies are not new in crypto, the speed and scale of this pump have raised eyebrows, with many users now questioning the fairness of the platform’s price mechanics.
Hyperliquid, a decentralized perpetuals exchange, saw an explosive move in $XPL — a relatively lesser-known asset — triggering instant volatility. On-chain data suggests that a handful of large wallets accumulated positions just before the pump and exited with millions in profit during peak prices.
Manipulation or Market Movement?
Several community members and analysts are calling this event a possible price manipulation case, citing suspicious timing, coordinated buys, and low liquidity exploitation. Some traders noted unusually large market orders and delayed price feed updates, further fueling speculation.
While Hyperliquid has yet to issue a detailed statement, this situation has reignited debates about market transparency and fairness on decentralized exchanges. In the absence of traditional regulatory oversight, such moves often go unchecked, leaving retail traders at a disadvantage.
Meanwhile, some defenders argue that volatility is a natural feature of crypto markets, and that sharp movements are part of the game — especially for low-cap or emerging tokens like $XPL.
What’s Next for Hyperliquid and $XPL?
If proven to be market manipulation, this event could lead to a loss of trust in Hyperliquid and raise calls for improved security mechanisms, such as circuit breakers or stricter order limits during extreme volatility.
The broader impact on $XPL’s credibility remains to be seen, but in the short term, traders are likely to approach both the token and the exchange with increased caution.
This is a developing story, and the crypto community will be watching closely for follow-up investigations or responses from Hyperliquid.
Read Also:
- Whale Risks $92.8M Long on ETH Near Peak
- Ethereum Mirrors Global Liquidity Surge
- Dogecoin Eyes Bull Rally if $0.23 Breaks
- Bitcoin Capitulation Forecast: Is $90K the Next Stop?
- LTC Faces Pressure, Tron Pushes Toward $0.40, and BlockDAG Unlocks 2049% Bonus Before Token2049!
