PANews reported on August 29 that according to monitoring by on-chain analyst Yu Jin, the whale named "silentraven" who made a profit of US$38.77 million by manipulating XPL liquidations on Hyperliquid the day before yesterday is still "drawing lines" for XPL on Hyperliquid, making the price of XPL on Hyperliquid 35% higher than that on Binance.

Over the past two days, this whale has dispersed profits from manipulating XPL liquidations across the blockchain to over 20 addresses. Some of these addresses then re-entered Hyperliquid to buy large amounts of XPL with 1x leverage. Currently, at least 15 addresses have been observed using 1x leverage to open long positions in XPL, totaling $31 million, with an average entry price of approximately $0.70. The total long and short positions on Hyperliquid currently total only $80 million, meaning the vast majority of the long positions are held by this individual. This single individual serves as the counterparty for all the hedgers. Currently, the total value of XPL long positions is $31 million, with a floating profit of approximately $10 million.