Lmfao
His excellency is truly the final ape boss.
*apes 15mil*
Here’s what happened with Justin Sun & $XPL on Hyperliquid🚨
Hours ago the wallet:
0xb9c0283968744b80aef904455bb3dfc7ffd6801e
Linked for years to Justin Sun dropped 16M USDC into Hyperliquid.
In less than two minutes it bought 15.2M XPL, wiped the order book and sent the price from $0.60 to $1.80 (+200%).
That single move started a chain of liquidations.
The biggest victim was wallet:
0xc2cb60662017a1da2562e9cccea9df74d9d8edf9
Forced out of a 7M USDC short.
In total 16.6M USDC in shorts were destroyed across the exchange.
When the token peaked 0xb9c0 started selling between $1.55–$1.60, walking away with 14–16M USDC profit in under an hour.
The impact was terrible
• XPL perp volume hit $161M in 24h (+311%)
• Open interest collapsed 70%
• Fees went to $7.7M in a single day (ATH)
• Funding flipped from negative to extreme positive
And yet, just hours later, XPL fell back to $0.60.
For normal traders it was a massacre.
For Justin Sun it was just another payday.
2.63K
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