[XPL Triggers Cascade Liquidations on Hyperliquid, Surges Over 200% in Minutes] Odaily Planet Daily reports, according to @mlmabc, a trader on Hyperliquid placed a large long position on XPL, triggering a cascade of liquidations. The price of XPL surged over 200% within 2 minutes, reaching a peak of $1.80. During the rapid price spike, the trader partially closed their position, realizing a profit of approximately $14.66 million. They currently still hold 12.08 million XPL (valued at approximately $7.17 million).