Statistics: Suspected Four Major Addresses Colluded to Snipe XPL Hedge Positions, Profiting $46.1 Million

By: theblockbeats.news|2025/08/27 11:22:18
0
Share
copy

BlockBeats News, August 27th, according to on-chain analyst Ai Auntie (@ai9684xtpa), four major addresses participated in a sniper attack targeting the $XPL hedge short position, accumulating a total profit of up to $46.1 million. The leading address 0xb9c...6801e has been accumulating long positions multiple times since August 24th and made a large purchase in the early morning at 05:35 today, directly sweeping the entire order book, earning $16 million in profit in just one minute. The other three cooperating addresses began closing their positions for profit when the XPL price reached a short-term high.

Analysis shows that two of the addresses have the same source of funds, and all three major addresses obtained their margin through debridge cross-chain, showing similar operational habits and demonstrating characteristics of coordinated operation.

-- Price

--

You may also like

Uniswap is trapped in an innovation dilemma

The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...

What is the key to competition in crypto banking?

Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Popular coins

Latest Crypto News

Read more