This time, the XPL hedging army is under attack The situation is pretty clear: Wallet address 0xb9c...6801e started going long on millions of XPL on Hyperliquid at 05:35, completely sweeping the order book and squeezing all the shorts (mostly 1x hedging positions). In just one minute, they made $16 million. Here’s some additional data 1️⃣ The source of their funds can be divided into two parts: 4.99 million USDC transferred from wallet address 0x5dE...c03c3 three hours ago, and 10.98 million USDT bridged via DeBridge from wallet address 0xae0...97150 prior to today. 2️⃣ The rumor about Justin Sun being involved stems from tracing the funds back—this address transferred ETH to a Justin Sun-associated wallet five years ago. However, there’s no direct evidence linking this to Sun. 3️⃣ This address has been accumulating long positions since 08.24, but in small amounts and with relatively low exposure, so it didn’t cause any market fluctuations. 4️⃣ Currently, they still hold $8.58 million worth of 1x XPL long positions, with unrealized gains of $620,000. Wallet address: https://hyperbot.network/trader/0xb9c0283968744b80aef904455bb3dfc7ffd6801e