Arkham: Seven accounts used leverage to manipulate the price of XPL, profiting approximately $2.78 million.

CoinFeed reported on April 3 that, according to Arkham's monitoring, seven accounts deposited a total of $1.85 million into Hyperliquid to leverage and drive up the price of XPL. They then simultaneously withdrew a total of $4.63 million from their collateral balance, profiting approximately $2.78 million. Previously, according to HyperInsight, XPL experienced a sharp rise followed by a 40% flash crash, with five insider addresses manipulating the market and exiting with a profit of $1.6 million.