$16.6M in Shorts Liquidated in a 200% XPL Rally — Justin Sun’s Hand?

• A single wallet deployed $16 million to ignite a 200% surge in the XPL token on Hyperliquid.
• The move triggered a liquidation cascade that wiped out a total of $16.6 million in short positions.
• The trader behind the move secured over $14 million in profit in less than one hour from the trade.

A single, massive trade on Hyperliquid ignited a 200% surge in the XPL token in minutes. At 05:35 UTC-4, on-chain data shows wallet 0xb9c0 deployed $16 million in USDC to open a large long position on millions of XPL tokens.

The move instantly cleared the order book, lifting the price from $0.60 to $1.80 and forcing a cascade of liquidations across short positions. The trader behind the move secured over $14 million in profit in less than an hour. This explosive event comes as the Hyperliquid rally has accelerated even more.

Whale 0xb9c0 deposited 16M $USDC into #Hyperliquid and opened a massive long on $XPL, sending the price soaring to $1.8 and liquidating everyone.

He then closed his position and made a profit of over $14M in less than an hour!https://t.co/rBQtbCLtbX pic.twitter.com/LC4evRWkhv

— Lookonchain (@lookonchain) August 27, 2025

Was the Trade Linked to …

The post $16.6M in Shorts Liquidated in a 200% XPL Rally — Justin Sun’s Hand? appeared first on Coin Edition.