Whales Make a Splash with $48M Haul as XPL Token Goes Bonkers – But Is It a Scam?

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Oh, what a wild and wacky world we live in! Four big-shot crypto whales just made off with a jaw-dropping $47.5 million on the back of some *very* suspicious price antics involving a shiny new token called XPL. And guess what? One poor trader got wiped out with a $4.59 million loss! Ouch! 💸

Here’s the thing: these whales are taking the whole “manipulate and dominate” game to new heights. It’s like the financial version of stealing candy from a baby-except the baby is an entire exchange. 😆

The XPL token, launched on the decentralized exchange Hyperliquid, shot up by 200% in just a couple of minutes (we’re talking from *nowhere* to $1.80, folks). And guess who was smiling all the way to the bank? Four wallets full of cash-more cash than a cartoon villain could ever dream of!

But it was wallet 0xb9c that really went above and beyond. This sneaky wallet snatched up more than $15 million. Yep, that’s right. $15 million. This wallet was the *big boss* of the operation, according to blockchain sleuths. 😏

“Whale manipulation on #Hyperliquid sent $XPL soaring 200% to $1.80 in minutes earlier today, marking one of the wildest short squeezes and wealth redistributions we’ve seen!”

Oh, and let’s not forget the other traders who didn’t quite make it out unscathed. One poor soul was left crying into their keyboard after a $4.5 million loss. Another trader, X user CBB, admitted to losing a “measly” $2.5 million on a short position. Guess he won’t be playing in isolated markets again! 🥲

Oh, but wait, the story doesn’t end there! Just five months ago, Hyperliquid found itself on the receiving end of a massive $6.26 million exploit thanks to a pesky vulnerability. It’s starting to feel like a season of *Whale Wars* out there! 🐋💥

Could It Be Justin Sun Pulling the Strings?

Now, here’s the spicy twist! One onchain detective has *suggested* that none other than Tron’s founder, Justin Sun, might be behind one of these whale wallets. According to some, wallet 0xb9c is allegedly linked to him. No solid proof yet, but it sure adds a fun little sprinkle of mystery to the whole affair, doesn’t it? 🕵️‍♂️

The theory goes something like this: Justin Sun made *a fortune* by buying up millions of XPL tokens, completely draining the order book, and then liquidating everyone at once. And what happened next? Well, XPL shot up by 200%-that’s right, TWO HUNDRED PERCENT-in just two minutes. No big deal, just a casual 16 million bucks made in 60 seconds. Easy peasy! 💰

The wallet is still running a low-risk 1x leveraged position worth over $8.6 million. Currently, this position is *unrealized*, but still looking juicy with an over $614,000 profit. Mmmm, delicious. 😋

Now, let’s not get carried away, folks. CryptoMoon hasn’t been able to independently verify the ownership of this wallet, but they’re not sitting on their hands either-they’ve reached out to Justin Sun and Hyperliquid for a comment. Expect more drama soon! 🍿

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2025-08-27 17:11