According to @lookonchain, whale address 0xb9c0 deposited 16M USDC into Hyperliquid and opened a large long on $XPL, sending the price to $1.8 and triggering widespread liquidations, according to @lookonchain on Aug 27, 2025. @lookonchain reports the whale then closed the position in under an hour for over $14M in profit, according to @lookonchain on Aug 27, 2025.