According to @EmberCN, on Aug 27 the trader @Techno_Revenant allegedly profited $38.77M from XPL liquidation activity and then continued to build 1x XPL long exposure via 15+ addresses on Hyperliquid (source: @EmberCN, Sep 3, 2025). According to @EmberCN, over 70% of XPL long positions on Hyperliquid are attributed to this trader (source: @EmberCN, Sep 3, 2025). According to @EmberCN, the XPL long now totals 38.17M XPL valued around $26M and has shifted from roughly $10M unrealized profit to an unrealized loss amid the recent pullback (source: @EmberCN, Sep 3, 2025). According to @EmberCN, this outsized positioning concentration may make Hyperliquid’s XPL market highly sensitive to that participant’s actions, so traders should monitor open interest concentration, funding rates, and potential liquidation levels on Hyperliquid XPL (source: @EmberCN, Sep 3, 2025).

According to @ai_9684xtpa, Arkham labeled the WLFI top individual holder address moonmanifest.eth as belonging to trader Techno_Revenant on Aug 29, 2025, highlighting a key whale concentration risk for WLFI. According to @ai_9684xtpa, the address invested about 15 million dollars in the first public round seven months ago, comprising 13 million USDC and 2.01 million USDT, which anchors a notable cost basis for potential inventory management. According to @ai_9684xtpa, the wallet currently holds 1 billion WLFI, so traders can monitor on-chain transfers from moonmanifest.eth and Arkham alerts for early signals of supply overhang and liquidity shocks. According to @ai_9684xtpa, Techno_Revenant is known for XPL hedging strategies, which traders can consider when assessing potential cross-asset positioning and calibrating WLFI and XPL execution, sizing, and slippage. According to @ai_9684xtpa, changes in the whale’s WLFI balance or fresh stablecoin inflows to the tagged wallet can guide entries and exits around anticipated liquidity events.

According to @EmberCN, trader @Techno_Revenant realized approximately $38.77 million in profit from XPL liquidations on Hyperliquid, identifying the account behind the gain; source: @EmberCN on X, Aug 29, 2025. The reported payout indicates a major liquidation event in Hyperliquid’s XPL market, signaling elevated short-term volatility and liquidity risk for XPL perpetual positions; source: @EmberCN on X, Aug 29, 2025. Under Hyperliquid’s documented liquidation mechanics, severe price dislocations can widen spreads and transfer sizable value to liquidators during cascade events, warranting tighter risk controls; source: Hyperliquid documentation.