[Analysis: The majority of million-unit XPL addresses on Hyperliquid have historical transaction links with Justin Sun, but no direct evidence proves ownership by Justin Sun] Foresight News reports, according to monitoring by @ai_9684xtpa, a whale address that traded the majority of million-unit XPL on Hyperliquid and earned $16 million is rumored to be connected to Justin Sun. This speculation arises from tracing the source of funds, which revealed that the address transferred ETH to a Justin Sun-associated address five years ago. However, there is currently no direct evidence proving that the address belongs to Justin Sun. The address began accumulating XPL long positions on August 24, initially with small and scattered trades that did not create market fluctuations. As of now, the address still holds $8.58 million worth of 1x leveraged XPL long positions, with an unrealized profit of $620,000.