according to on-chain analyst Yu Jin's monitoring, a new wallet withdrew 71.524 million USDC from the exchange to the chain, and then transferred 30 million USDC to Hyperliquid to buy XPL. Currently, in just two hours, 13.6 million USDC has been used to purchase 10.87 million XPL at an average price of $1.25. And the purchase is still ongoing.
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A newly created wallet address bought 10.87 million XPL in the past two hours, equivalent to approximately $13.6 million.
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