According to Lookonchain, whales shorting XPL on Hyperliquid deposited large amounts of USDC to avoid liquidation amid alleged manipulation, posted on Aug 27, 2025 (Lookonchain). According to Lookonchain, address 0x142a deposited 44M USDC and address 0x0Aa9 deposited 29M USDC, totaling 73M USDC in added margin (Lookonchain). According to Lookonchain, this activity signals sizable short exposure in XPL on Hyperliquid and active liquidation risk management by large traders (Lookonchain).