A whale increased its holdings of XPL by $30 million, pushing the token up 30%, and still has over $40 million to increase its holdings.

On-chain monitoring shows that a certain address used all 30 million USDC to buy 22.37 million XPL at an average price of $1.34. During the purchase period, XPL rose 30% from $1.17 to $1.52. The address still holds 41.52 million USDC.