A wallet connected by analysts to the UXLINK exploit began selling $148 million worth of long positions in Ethereum, Solana, and XRP on Hyperliquid on November 9. The sale is executed via a 16-hour TWAP order, expected to realize a $3.3 million loss if completed. These positions were opened in August and include 30,282 ETH, 550,000 SOL, and 35.03 million XRP, each with specific liquidation price triggers. The unwind is occurring during a broader crypto market selloff, with significant liquidations across Ethereum and other assets. The wallet had previously been profitable but has now mostly lost its unrealized gains. The TWAP order is set to finish by 06:00 GMT on November 10, with potential earlier forced liquidation if prices fall below certain levels. The link to the UXLINK exploit is based on on-chain analytics and not independently confirmed. Investors should watch the liquidation price levels and the TWAP completion time for further market impact.
As of Nov 09, 2026 21:42 WIB, Ethereum, Solana, and XRP are all experiencing declines on Pluang, with ETH down 5.12% to Rp38,367,920, SOL down 2.06% to Rp1,576,007, and XRP down 5.81% to Rp19,738. The sell pressure seen in the news aligns with Pluang order activity, where sell orders for these assets range from 31% to 38%. XRP shows the steepest 1-day drop among the three, highlighting its notable market movement at this time.
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A trader linked to the UXLINK hack has sold $148 million worth of Ethereum, Solana, and XRP at a loss, triggering price pressure on these cryptocurrencies. The trader used a 16-hour algorithmic sell-off on Hyperliquid after suffering a $3.3 million n...
