Wallet Trace Links Nov. 1 XPL Liquidations to April Trading Cluster

A new funding trace suggests wallets involved in Plasma (XPL) liquidations on Nov. 1 were connected to an April trading cluster tied to sharp moves in XPL and FARTCOIN. A funding trace identified a possible connection between the November trading addresses and wallets active in April. Funds associated with the earlier cluster entered a centralized exchange hot wallet shortly before a USDT withdrawal from that wallet reached addresses upstream of the November trades. The withdrawal had a distinctive split pattern that aligned with the two sets of trading addresses. The trace leaves control of the wallets unconfirmed.