- Whale created new wallet with $71.5M USDC
- Already bought $17.4M worth of XPL on Hyperliquid
- Continuous accumulation hints at bullish momentum
A mysterious crypto whale has caught market attention after creating a new wallet, identified as 0xd80D, and funding it with a massive $71.5 million in USDC. The move has sparked speculation about an upcoming large-scale accumulation of XPL, a token gaining traction in the market.
$17.4M Already Invested in XPL
Blockchain data shows that the whale has already transferred $30 million USDC into Hyperliquid and used part of it to purchase 12.91 million XPL tokens, valued at around $17.4 million. The ongoing purchases suggest that this may only be the beginning of a much larger position in XPL.
Market Impact and Speculation
Whale activity often signals confidence in a project, and such large-scale purchases can influence both market sentiment and price movement. Traders are watching closely to see whether the whale will continue accumulating XPL from the remaining USDC holdings, potentially creating bullish momentum for the token.
While the identity of the whale remains unknown, their aggressive strategy could indicate strong expectations for XPL’s future growth. If accumulation continues, it may trigger increased retail interest and liquidity in the token’s ecosystem.
Read Also :
- Solana Falls Below $200 Amid ETF Ruling Concerns
- Only 4% of the World Owns Bitcoin, Says River
- Polkadot Slips 2.8%, Hedera Falls 3.6% to $0.20, but BullZilla Dominates the Best Projects With 100x Potential
- Bearish Clusters Signal $113K Dip Before Bitcoin Peaks
- Spot SOL ETF Approval Likely Within Two Weeks
