Whale Manipulation Allegations Plague Hyperliquid as XPL Soars

Hyperliquid, a decentralized exchange (DEX), finds itself at the center of accusations regarding potential market manipulation following a dramatic 200% surge in the XPL token’s value. This sudden spike is attributed to whales, large investors, potentially profiting significantly from the volatility. These claims are raising concerns about trust and transparency within decentralized finance, which could have far-reaching consequences for both markets and platform operations.