Manipulators earned nearly $3,000,000 on XPL.

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

➠ They massively opened long positions, artificially driving up the price and creating the illusion of strong demand.

➠ At the peak of the movement, $4.63 million was simultaneously withdrawn from the exchange.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

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

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