According to @ai_9684xtpa, wallet 0xb9c...6801e began going long several million XPL on Hyperliquid at 05:35, sweeping the entire order book, source: @ai_9684xtpa. This aggressive buy triggered a short squeeze against mostly 1x hedge shorts, source: @ai_9684xtpa. The sequence realized roughly USD 16 million in profit within about one minute, source: @ai_9684xtpa. On-chain tracing in the post indicates the capital stack came mainly from two sources, including address 0x5dE...c03c3, source: @ai_9684xtpa.