XPL surges then crashes 40%: Five insider tips reveal a trader who profited $1.6 million and exited the market.

CoinFeed reported on April 3rd that, according to HyperInsight monitoring, the price of the XPL token experienced dramatic fluctuations this morning. From 1:00 AM to 5:00 AM, XPL surged by 42%, reaching a high of $0.167; however, starting at 5:10 AM, the price plummeted by over 40% in less than five minutes, falling below $0.12 and erasing all of the day's gains. Before the price surge, five new addresses on Hyperliquid simultaneously deposited funds at 1:00 AM, each transaction exceeding $200,000, totaling approximately $1.292 million. These addresses then heavily leveraged their positions to open long positions in XPL, seemingly in coordination with other platforms' spot trading to drive up the price. During this period, the five addresses reaped substantial profits, more than doubling their initial investment. From 4:30 AM to 4:40 AM, the five addresses withdrew all released margin and profits, causing the liquidation price to rise sharply, nearing liquidation.