The address that deposited 30 million USDC into Hyperliquid and bought XPL is suspected to belong to the market maker team Auros Global.

According to Jinse Finance, on-chain analyst @ai_9684xtpa has monitored that the address which just deposited 30 million USDC into Hyperliquid and made large purchases of XPL is suspected to belong to Auros Global. This is a quantitative trading and market-making team that has also been listed as a quality market maker on the recommended list of a certain exchange. Currently, they have already bought $17.25 million worth of XPL and are continuing to buy, seemingly intending to use up the entire $30 million.