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).