On August 27th, @mlmabc monitored a wallet address that long millions of XPL on Hyperliquid after 5:35 AM, completely emptying the order book and squeezing out all short positions. The wallet then proceeded to close some of the long positions, profiting $16 million in just one minute. Within two minutes, XPL skyrocketed to $1.80, a surge of over 200%.
He currently still holds 15.2 million XPL (worth about $10.2 million), and MLM said, "This is one of the craziest liquidations I've ever seen on Hyperliquid."




