According to @EmberCN, a trader known as silentraven realized $38.77M by manipulating XPL liquidations on Hyperliquid two days ago, and is still actively influencing XPL price action on the venue, keeping Hyperliquid’s XPL price roughly 35% higher than Binance at the time reported (source: @EmberCN on X, Aug 29, 2025). According to @EmberCN, the realized profits were bridged and dispersed into more than 20 addresses, and some of those addresses re-entered Hyperliquid with 1x positioning, coinciding with the noted price dislocation between Hyperliquid and Binance for XPL (source: @EmberCN on X, Aug 29, 2025). According to @EmberCN, traders engaging XPL on Hyperliquid should account for the venue-specific premium versus Binance and concentrated flow in sizing, risk limits, and liquidation thresholds (source: @EmberCN on X, Aug 29, 2025).