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After holding the HYPE for 10 months, a certain SOL investor/institutional address sold approximately 410,000 HYPE today to buy back SOL.

3 hours ago

October 20th. According to the monitoring of on-chain data analyst Yu Jin, an investor or institution that received an allocation of 1 million SOL sold a portion of SOL at the end of 2024 and received 2.52 million HYPE. After holding for 10 months, they made their first profit-taking sell-off of part of their HYPE (approximately 15.68 million) today and then bought back SOL. Their profit on HYPE reached as high as $26.7 million. It is reported that the address received an allocation of 1 million SOL in June 2020. In December 2024, shortly after HYPE went live, they sold about 375,000 SOL at a price of around $191, exchanged it for about $70 million USDC, and bought 2.52 million HYPE at an average price of $27.7. After holding for 10 months, today they sold 408,900 HYPE at a price of $38.3, exchanged it for $15.68 million USDC, and then cross-chained back to Solana to buy back 81,100 SOL at a price of $193.
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