Techno_Revenant: XPL serial liquidation triggered by hand slip, unexpectedly making a profit of US$38 million in 20 minutes

Odaily Planet Daily News Trader Techno_Revenant explained the XPL serial liquidation incident on Hyperliquid this week. He said that he originally planned to use 44,444 USDC to build positions in batches, but because the hand-sliding input was 444,444 USDC, it led to a short selling in a short time, causing a large-scale chain of positions to be breached. According to his back, he hurriedly added $5 million in margin to build a position after a 15-hour shortage, and bought 9.42 million XPL in 40 transactions, directly pushing the price of the coin from $0.587 to $0.65, and then triggering a large-scale liquidation. In less than 20 minutes, the price of XPL soared by more than 200%, with the cumulative liquidation scale of the entire market reaching US$159 million, and he personally made a profit of about US$38 million during the rapid market pullback.