According to Odaily, trader Techno_Revenant explained this week's string of liquidations on XPL on Hyperliquid. He stated that he had originally planned to use 44,444 USDC to open positions in batches, but accidentally entered 444,444 USDC, which quickly wiped out all the selling orders and triggered a massive chain of liquidations.

He recalled that after a 15-hour gap, he hastily added $5 million in margin to establish a position, purchasing 9.42 million XPL across 40 transactions. This directly drove the price of the coin from $0.587 to $0.65, subsequently triggering a large-scale liquidation. In less than 20 minutes, the price of XPL soared by over 200%, with a total market liquidation volume of $159 million. He personally profited approximately $38 million from this sharp rise in the market.