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).

According to EmberCN, a DeBank whale named 'silentraven' used $7.5 million USDC as collateral to execute a 3x long position on $HYPE, currently realizing a profit of $1.05 million. The whale secured a loan of $7.5 million USDC by collateralizing 3.805 million WBTC ($29.4M) from Aave and proceeded to open a 3x long position on 858,000 $HYPE ($10.81M) on Hyperliquid at an average entry price of $11.36.