This Alleged “Fat-Finger” Made $300M Just In One Week: Who Is It?
Two current eye-catching occasions—the unstable XPL “arbitrage” on Hyperliquid, a number one DEX, and the launch of the Trump family-led WLFI project—have been revealed to share a connection by means of a single, mysterious determine: an nameless dealer often known as TechnoRevenant.
While his identification stays unknown, his actions are loud—he amassed practically $300 million in on-chain income in only one week.
The WLFI Connection and a $245M Position
Monday night, WLFI started buying and selling on main international crypto exchanges, inflicting Ethereum fuel charges to spike above 100 Gwei for the primary time in months. The pockets tackle moonmanifest.eth, holding a billion WLFI tokens, started to assert its share.
Chinese media Blockbeats cited on-chain monitoring providers like Etherscan and reported that this tackle belonged to an X consumer, TechnoRevenant, the dealer who famously profited $38 million on Hyperliquid only a week earlier.
Sources reveal that TechnoRevenant has been concerned with the World Liberty Financial mission since January 2025, even earlier than Donald Trump took workplace. He was an early backer, investing $15 million within the first token sale.
He accrued 1 billion WLFI tokens. On September 1, when WLFI formally began buying and selling, he claimed 200 million, with the remaining 800 million nonetheless locked. At the present value of $0.245, his 1 billion WLFI is price $245 million, representing an 8- to 16-fold return on paper on his preliminary funding.
The “Fat-Finger” Incident on Hyperliquid
Beyond his connection to the Trump household’s mission, TechnoRevenant shocked the market with an enormous, and supposedly unintended, revenue on Hyperliquid. On the morning of August 27, the decentralized derivatives alternate noticed an irrational value spike within the Plasma mission token, XPL.
This surge triggered mass liquidations that affected greater than 1,000 merchants. Over two hours, the liquidations worn out roughly $159 million in positions. Investigators discovered a number of addresses that purchased massive token portions. These purchases apparently tried to control the illiquid XPL pre-market.
TechnoRevenant claimed to be a mere “newbie” and insisted his commerce was a “fat-finger” accident. However, a better have a look at his transactions raises questions on his protection. While he was bullish on XPL, he didn’t take part within the presale. He says he started accumulating after Hyperliquid opened pre-market perpetual contract buying and selling, utilizing three separate wallets to purchase at $44,000 per session. This technique reportedly allowed him to gather 54.4 million XPL over two days, price between $31 million and $33 million.
But in a single 15-second window from 5:36:05 to five:36:20 am, he allegedly made a “mistake.” He claimed he was “drowsy” and by chance added an additional “4” ten occasions to his purchase order. This turned a $44,000 buy right into a $4.44 million order. His huge buy-in totaled 7,288,505 XPL tokens. This represented 77.37% of all lengthy positions at the moment. The order despatched the value hovering by 10.8% in only one minute.
He panicked, borrowing $3 million to cowl a possible liquidation, however didn’t understand his place was too huge to be in danger. Hyperliquid’s auto-deleveraging mechanism kicked in, and he continued shopping for in $45,000 increments for one more quarter-hour earlier than slowly closing his lengthy positions. In the tip, he walked away with a $38 million revenue.
As of now, he nonetheless holds over $30 million in XPL lengthy positions, accounting for 87% of the overall open curiosity on Hyperliquid. He has a $26 million conflict chest prepared for extra buys, which has precipitated XPL’s value on Hyperliquid to keep up a 20-30% premium over different exchanges.
Opportunist? Or Market Manipulator?
TechnoRevenant’s actions have sparked a fierce debate within the crypto neighborhood. His supporters reward him as a legendary dealer with an unmatched really feel for the market. Influencers like Zhu Su have defended him, stating his actions have been simply “regular buying and selling conduct.” Still, critics argue that he used his deep pockets to control a fragile market.
On-chain information provides one other layer to the thriller. His pockets, moonmanifest.eth, had eight USDC transfers totaling $27 million with Jump Trading and confirmed frequent interactions with main market makers like Wintermute and Amber.
He additionally invested $15 million in WLFI’s earliest levels, when its token lock-up and itemizing standing have been extremely unsure. These clues counsel TechnoRevenant just isn’t an strange retail investor however an expert dealer with institutional backing.
This case has additionally raised considerations in regards to the on-chain “pre-IPO” mannequin. As banterlytics famous on X, “You’ve seen TechnoRevenant have already got such a big affect on a token’s pre-market. Imagine what would occur on a pre-IPO with much more insider data.”
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