According to Odaily's Planet Daily, on-chain analyst Yu Jin's monitoring report, a whale address that transferred 30 million USDC to Hyperliquid this morning has increased its holdings by 22.37 million XPL at an average price of $1.34. The initial purchase price for XPL was $1.17, and the current price has risen to $1.53, a gain of over 30%.

This address has 41.52 million USDC remaining from Kraken, of which 10 million USDC has also been transferred to Hyperliquid and may be used again to purchase XPL.