Quick Recap: What Happened with the XPL Liquidation Blow-Up ▰ A large number of 1x hedge positions created a dense liquidation zone ▰ Pre-issued tokens relied on a single oracle ▰ A single whale used massive long positions to manipulate a rapid 2x pump ▰ Liquidated hedges turned into buy orders, further fueling the liquidation cascade The whale made $16M in just 1 minute. Everyone’s saying it’s Brother Sun, but there’s no solid proof. CBB alone lost $2.5M. Some are calling for Hyperliquid to step in, but how? This is just how DEX Perps work.