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XPL "Price Manipulator" Claims $38 Million Profit Was an "Accident Due to Sleep Deprivation"
BlockBeats News, August 29th, according to on-chain analyst Ai Yi (@ai_9684xtpa)'s tweet screenshot, XPL "price manipulator" @Techno_Revenant once posted stating that the sudden surge in XPL price was actually due to an accident caused by lack of sleep. @Techno_Revenant claimed to be a newbie in contract trading, this being only his 5th contract operation, yet accidentally profited around 38 million USD. The detailed process is as follows:
1. After Hyperliquid launched XPL, he spent over two days accumulating around 30 million USD worth of long positions, gradually scaling in through a strategy of buying $44,000 per order.
2. Early on August 27th, he planned to finish his position after adding the final 5 million USD, but because he was too sleepy, he accidentally increased the order speed by 10 times, changing the order size from $44,000 per order to $444,000 per order.
3. Due to the poor depth of HL, the large orders instantly caused a sharp rise in XPL, leading to over a thousand hedging accounts being liquidated, totaling over 159 million USD.
4. Upon being awakened by the situation, thinking he was going to lose money, when panic-closing, he discovered that his long position was actually in an auto-deleveraging protection state, and in the end, he instead made a profit of 38 million USD.
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