New Wallet Makes Big XPL Purchases, Driving Price Up 10%+

An address is sweeping up XPL with 30 million USDC, pushing XPL up by over 10% in the past 2 hours: A new wallet withdrew 71.524 million USDC from an exchange to on-chain, then transferred 30 million USDC to Hyperliquid to buy XPL. So far, in just 2 hours, it has already used 13.6 million USDC to purchase 10.87 million XPL at an average price of 1.25. The buying spree is still ongoing. Address: https://(hypurrscan.io)/address/0xd80DA302010A415586d92532a00A9544CFde70be OKX