XPL Market Surge: Whale Profits Fuel Allegations of Manipulation

A recent 200% surge in the XPL token price has resulted in significant financial gains for crypto whales, raising concerns about potential market manipulation on the platform. Data from Hyperliquid shows that these large holders secured a substantial $48 million during this rapid price increase. Despite the rally’s volatility and immediate impact on trading sentiment, Hyperliquid leadership has yet to address the allegations of market manipulation.