Review of XPL’s flash crash: 16 linked wallets withdrew their margin in advance on Hyperliquid, causing the HLP liquidation vault to lose $556,000
My takeaway: When bad news hits, everyone wants to get out. The real bottom usually comes when nobody dares to step in.
I’ll save this kind of news in my notes and revisit it after a while. It’s quite enlightening.
$XPL