A certain SOL investor/institution's Address sold approximately 410,000 HYPE today after holding it for 10 months to buy back SOL.

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According to BlockBeats news on October 20th, on-chain data analyst Yu Jin monitored that an investor/institution that received an investment allocation of 1 million SOL sold part of their SOL at the end of 2024 to invest in 2.52 million HYPE. After holding for 10 months, today they first took profit by selling part of their HYPE (approximately 15.68 million) and then repurchased SOL, with profits on HYPE reaching as high as 26.7 million USD. It is reported that the address received an investment allocation of 1 million SOL in June 2020. In December 2024, shortly after HYPE went live, they sold 375,000 SOL at about 191 USD, exchanging it for approximately 70 million USDC, and bought 2.52 million HYPE at an average price of 27.7 USD. After holding for 10 months, today they sold 408,900 HYPE at a price of 38.3 USD, exchanging it for 15.68 million USDC, and then cross-chain returned to Solana to repurchase 81,100 SOL at a price of 193 USD.

SOL-2.01%
HYPE0.43%
USDC-0.01%
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