BlockBeats News, August 27th, according to LookIntoChain monitoring, XPL short sellers are massively depositing USDC into Hyperliquid to avoid liquidation, including:
The address starting with 0x142a deposited $44 million, tripling its XPL short position and raising the liquidation price to $4.025
The address starting with 0x0Aa9 deposited $29 million, tripling its XPL short position and raising the liquidation price to $10.73