Whales Swarm XPL Like It’s The Next Big Thing – But Is It Just Another Pump?

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Ah, the thrilling world of cryptocurrency-a place where whales don’t swim, they *dominate*. Blockchain analytics platform Lookonchain has shared the shocking movements of these digital leviathans on X. Wallet ‘0x8393’ made a splash by selling 249,999 HYPE tokens, worth a cool $10.5 million, and in return, bought a staggering 7.92 million XPL tokens. Talk about a swap that screams *bold* decisions. 🐋💰

Whales are buying $XPL.

0x8393 sold 249,999 $HYPE($10.5M) and bought 7.92M $XPL.

0xcc07 deposited 6.27M $USDC into #Hyperliquid and bought 5.28M $XPL at $1.19.

0xF555 deposited 6M $USDC into #Hyperliquid and bought 5.7M $XPL at $1.05.…

– Lookonchain (@lookonchain) September 26, 2025

As if that wasn’t enough whale action, wallet ‘0xF555’ threw in 6 million USDC to scoop up 5.7 million XPL tokens at $1.05. But hold on, there’s more. Wallet ‘0x790c’ didn’t want to miss out on the fun and grabbed a public sale allocation, snatching up a whooping 54.09 million XPL tokens at just $0.05 each. With XPL now trading at $1.49, that stash is worth a jaw-dropping $50.4 million. The unrealized profit? A breezy $47.7 million. Don’t worry, no one’s getting rich here. 🙄💸

According to CoinMarketCap, XPL has seen a rise of over 60%, with a 24-hour trading volume hitting a staggering $2.23 billion. This isn’t your average Monday.

Market sentiment turns mixed

But hold on a second-before you dive in headfirst, let’s talk about the mixed sentiment floating around the market like a bad smell. Coinglass data shows a more cautious outlook. On Binance, the long-to-short ratio is at 0.6915, which means more traders are expecting a dip. OKX is even more bearish, with a ratio of 0.43. But wait, top traders on Binance are feeling more optimistic, with the ratio shifting to 3.1431, suggesting that the big guns are betting on an upswing. Go figure. 🧐📉📈

The liquidations are the real drama here. In just one hour, $1.74 million in positions were wiped out-mostly shorts. Over four hours, liquidations rose to $8.7 million, and in 12 hours, they hit a mind-boggling $39.23 million. By the time the dust settled, $55.69 million had been lost in total, split evenly between longs and shorts. Welcome to the wild world of crypto. 🧨

Plasma’s bold vision

Plasma, the platform everyone’s suddenly talking about, launched yesterday with over $2 billion in stablecoins locked up. It’s already in the top 10 blockchains by liquidity. CEO Paul Faecks wasted no time proclaiming, “Stablecoins are Money 2.0.” Because, why not? The goal is simple: give the world access to the dollar, only cooler. 🌍💸

But, let’s not get too carried away-investor Simon Dedic played the role of the voice of reason, pointing out that “Public sale participants are up 17x here. Most will take profits, creating heavy sell pressure.” Translation? Brace yourselves for the storm. 🌩️

Right now, whales are betting big on XPL, showing massive faith in Plasma’s future. But with early investors sitting on mountains of profits, the risk of a sell-off and volatile price swings is very real. You know what they say-easy come, easy go. Or in this case, easy *whale* come, easy *whale* go. 🐋💨

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2025-09-26 10:04