According to @lookonchain, a newly created wallet 0xd80D prepared 71.5M USDC to acquire XPL, has deposited 30M USDC to Hyperliquid, and already bought 12.91M XPL worth about 17.4M USD, with purchases ongoing. Source: https://twitter.com/lookonchain/status/1971765095769452920 According to @lookonchain and the shared explorer link, the wallet can be monitored here for inflows and XPL fills: https://hypurrscan.io/address/0xd80da302010a415586d92532a00a9544cfde70be. Source: https://twitter.com/lookonchain/status/1971765095769452920 According to @lookonchain’s figures, if the full 71.5M USDC is eventually deployed, roughly 54.1M USD in potential buy capacity remains after the reported 17.4M USD in XPL fills. Source: https://twitter.com/lookonchain/status/1971765095769452920 According to @lookonchain, purchases are ongoing, so near-term order flow on Hyperliquid’s XPL markets may be influenced by this single wallet’s activity; traders can track deposits to Hyperliquid and fills via the above links. Source: https://twitter.com/lookonchain/status/1971765095769452920 and https://hypurrscan.io/address/0xd80da302010a415586d92532a00a9544cfde70be According to Investopedia, large buy programs can create market impact and short-term volatility in order-book markets, making order size and liquidity critical for execution. Source: https://www.investopedia.com/terms/m/marketimpact.asp