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

BlockBeats News, October 20th, According to on-chain data analyst Yu Jin's monitoring, an investor/institution that received an allocation of 1 million SOL invested sold a portion of SOL at the end of 2024 for 2.52 million HYPE. After holding for 10 months, today they took their first profit-taking sell-off of part of their HYPE (approximately 15.68 million) and then bought back SOL. Their profit on HYPE reached as high as $26.7 million.

Reportedly, the address received an allocation of 1 million SOL in June 2020. In December 2024, shortly after HYPE went online, they sold about 375,000 SOL at a price of around $191, exchanged for about $70 million USDC, 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 for $15.68 million USDC, then cross-chained back to Solana to buy back 81,100 SOL at a price of $193.