A certain SOL investor/institutional address has once again sold 733,000 HYPE tokens and bought 142,000 SOL tokens.

BlockBeats News, October 21st, according to on-chain data analyst Yu Jin's monitoring, the [investor/institution that received a 1 million SOL investment allocation] sold another 733,000 HYPE in the past 4 hours (approximately $26.31 million), and then cross-chain swapped the USDC back to Solana to buy 142,000 SOL.

Reportedly, the address received a 1 million SOL investment allocation in June 2020. In December 2024, shortly after HYPE was launched, they sold 375,000 SOL at approximately $191 per SOL, exchanged it for around $70 million USDC, bought 2.52 million HYPE at an average price of $27.7. After holding for 10 months, yesterday they sold 408,900 HYPE at $38.3, exchanged it for $15.68 million USDC, and then cross-chain back to Solana to buy back 81,100 SOL at $193 per SOL.