PANews reported on August 28th that on-chain analyst @ai_9684xtpa reported that the primary operator in the XPL hedging scam, 0xb9c...6801e, closed out his long position early this morning, seemingly continuing to manipulate the market even after Hyperliquid optimized its mark price calculation. He had already distributed 27.1 million USDC to 11 addresses early this morning and re-opened a 1x XPL long position worth $18.14 million, generating a cumulative profit of $1.148 million. This manipulation may have been intended to evade tracking. Currently, the pre-market price on Binance is $0.5713, while the price on Hyperliquid is $0.72001, representing a 26% price gap. The analyst recommends avoiding any immediate investment.