BlockBeats News, September 28th. According to on-chain data analyst Yu Jin, a whale trader who made a $38.77 million profit a month ago by manipulating XPL liquidation is currently profiting once again in XPL trading with a $41.38 million gain.
Previously, on August 27th, he first ambushed a long position through two wallets, then pushed the price up to trigger liquidation and auto-deleveraging, earning a profit as high as $38.77 million. He then cross-chain dispersed the profit to over 20 addresses, and with 1x leverage, reopened a long position for approximately 45 million XPL with an average entry price of $0.77. At that time, he held the vast majority of XPL long positions on Hyperliquid.
These XPL long positions remained unchanged until yesterday when, at an XPL price of $1.3, he closed all his 1x leveraged XPL contract long positions and bought XPL spot. Currently, he holds 45.47 million XPL spot, with a cost price of only $0.77, resulting in a high unrealized profit of $41.38 million.
