On September 28, on-chain analytics provider LookIntoChain recorded that crypto KOL Cozomo de’ Medici deposited 1.28 million USDC into the Hyperliquid platform and subsequently acquired 781,252 XPL, a position valued at approximately $1.28 million at the time of reporting.

The verified transaction reflects a direct stablecoin settlement and a discrete allocation into XPL; public ledger entries confirm the volume and destination but do not convey investor intent or future trading strategy.

Market analysts can incorporate this confirmed on-chain flow into liquidity and concentration assessments, treating the movement as credible transactional data reported by LookIntoChain rather than as forward-looking guidance.