Analysis: XPL flash-crash driver previously ran serial operations on FARTCOIN and other tokens; fund trail overlaps heavily with suspicious April team

November 3: TradingBeats posted on X that through cross-month, multi-address and cross-chain tracing, it has identified a fund trail spanning seven months: the old fund network behind this year's April XPL flash crash and the members of the November 1 manipulation and liquidation show highly overlapping fund flows, and one sum of funds has already been traced transaction by transaction to the April manipulation team. TradingBeats noted that when this group's addresses go dormant and then reactivate, they tend to show a cross-period operating habit — after completing a first round of operations, they often quickly seek another token to replicate the same playbook. Tracing this hidden cross-period fund line may allow their next target to be identified in advance.