On August 29, according to a screenshot of a tweet by on-chain analyst Ai Yi (@ai_9684xtpa), XPL "price manipulator" @Techno_Revenant once posted that "the instant increase in XPL price was actually due to an accident caused by lack of sleep." @Techno_Revenant claimed to be a novice in contract trading, and this was only his 5th contract operation, but he unexpectedly made a profit of about $38.00 million. The following are the details:1. After Hyperliquid launched XPL, he spent more than two days accumulating long orders worth about $30.00 million, during which he slowly increased his position by buying $44,000.00 per order.2. At dawn on August 27, he planned to add the last $5.00 million to complete the position, but because he was too sleepy, he accidentally increased the order speed by 10 times, that is, from $44,000.00 per order to $444,000.00.3. Due to the poor depth of HL, the large order instantly caused XPL to skyrocket, resulting in the forced liquidation of thousands of hedging accounts, totaling more than $159.00 million.4. After being awakened, he thought he was going to lose money. When he panicked and closed his position, he found that his long position was actually in an auto-deleverage protection state, and in the end, he made $38.00 million instead. [BlockBeats]
On August 29, according to a screenshot of a tweet by on-chain analyst Ai Yi (@ai_9684xtpa), XPL "price manipulator" @Techno_Revenant once posted that "the instant increase in XPL price was actually due to an accident caused by lack of sleep." @Techno_Revenant claimed to be a novice in contract trading, and this was only his 5th contract operation, but he unexpectedly made a profit of about $38.00 million. The following are the details:1. After Hyperliquid launched XPL, he spent more than two days accumulating long orders worth about $30.00 million, during which he slowly increased his position by buying $44,000.00 per order.2. At dawn on August 27, he planned to add the last $5.00 million to complete the position, but because he was too sleepy, he accidentally increased the order speed by 10 times, that is, from $44,000.00 per order to $444,000.00.3. Due to the poor depth of HL, the large order instantly caused XPL to skyrocket, resulting in the forced liquidation of thousands of hedging accounts, totaling more than $159.00 million.4. After being awakened, he thought he was going to lose money. When he panicked and closed his position, he found that his long position was actually in an auto-deleverage protection state, and in the end, he made $38.00 million instead. [BlockBeats]
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