[A User Lost $2.5 Million Using a 10% Hedging Strategy in the XPL Liquidation Event] Foresight News reports that during the recent XPL liquidation event, the whale-hunting squad targeting insider whales, represented by @Cbb0fe, stated that they implemented a 10% hedging strategy on the HyperliquidX platform for their XPL token assets. They used 1x leverage to short and provided substantial collateral for protection, but ultimately still suffered a $2.5 million loss. The user remarked, 'I will never touch this kind of isolated market again.'