The address is currently spending $30 million to increase its XPL holdings, having purchased 10.87 million XPL at an average price of $1.25.

BlockBeats News, September 27th, according to @EmberCN monitoring, an address is currently accumulating $30 million worth of XPL, helping drive XPL up by over 10% in the past 2 hours:

A new wallet withdrew 71.524 million USDC from a trading platform to on-chain, then transferred 30 million USDC to Hyperliquid to purchase XPL.
In just two hours, they have already used 13.6 million USDC to acquire 10.87 million XPL at an average price of $1.25. And they are still continuing to buy.