According to @EmberCN, around 05:30 an alleged manipulator on Hyperliquid used two wallets to pre-long XPL, then pushed the price to trigger liquidations and auto-closings, realizing up to $27.5 million in profit. Source: @EmberCN on X, August 27, 2025. @EmberCN reports that wallet 0xb9c...01e opened a 31.75 million XPL long on Hyperliquid with 11 million U at an average entry of $0.56, then transferred an additional 5 million U around 05:30 to drive XPL higher. Source: @EmberCN on X, August 27, 2025. The sequence is described as leveraging liquidation mechanics to close counterparties and capture profits. Source: @EmberCN on X, August 27, 2025.