💀 Manipulators made nearly $3,000,000 on XPL.

➠ Seven accounts were created on Hyperliquid with about $1.85 million to pump up the token price #XPL.

➠ They massively opened longs, artificially raising the price and creating the illusion of strong demand.

➠ At the peak of the movement, $4.63 million was withdrawn from the exchange. The total scheme profit was about $2.78 million.

➠ Then, positions were intentionally driven to liquidation through the HLP mechanism, causing the Hyperliquid liquidity pool to incur a loss of approximately $600k.

➠ Analysts also detected similar activity on #ASTER, , where an additional $324k was earned.