A whale has allegedly manipulated the price by long 127.4 million TST tokens on Hyperliquid with 1-2x leverage.

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PANews
12-24
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PANews reported on December 24th that, according to Lookonchain monitoring, a whale created three wallets and deposited 2.47 million USDC on the Hyperliquid platform, while simultaneously long on 127.4 million TST (worth $2.2 million) with 1x to 2x leverage. This whale continues to increase its long TST position. Lookonchain analysis suggests that price manipulation is likely.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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