HLP earned about $47,000 during the XPL volatility this morning, after previously losing nearly $12 million due to JELLY volatility.

BlockBeats news, on August 27, according to on-chain data, HLP earned about $47,000 during the XPL fluctuations this morning, with an annualized return of 14% over the past month. A Whale executed long orders of millions of XPL between 5:00 and 6:00 this morning, directly sweeping the entire order book and squeezing all short positions. He then began to close some long positions, earning $16 million in just one minute. XPL surged to $1.80 within 2 minutes, with an increase of over 200%. BlockBeats previously reported that on March 26, a Whale holding 126 million JELLY (jellyjelly) was manipulating the coin price. The Address first dumped JELLY causing a big dump in price, allowing HLP to have 398 million JELLY (approximately $15.3 million) in passive short positions. Then that Address bought back JELLY, driving up the price, which caused HLP to lose nearly $12 million. Subsequently, during the Settlement, users holding long positions in JELLY will be refunded by the foundation at the settlement price of 0.037555, and the trading pair will be delisted. At the same time, its leverage system and HLP liquidation mechanism were updated.