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The "Investor/Institution receiving a 1,000,000 SOL allocation" sold HYPE for SOL for the third consecutive day

By: theblockbeats.news|2025/10/22 08:45:53

BlockBeats News, October 22, according to cindermonitoring, the "Investor/Institution receiving a 1 million SOL investment allocation" has been selling HYPE and buying SOL for the third consecutive day:

Within a span of nearly 4 hours, they sold 675,000 HYPE tokens to acquire 23.44 million USDC, and then switched to Solana to buy 12.69 thousand SOL.

· From the day before yesterday until now, a total of 1.817 million HYPE tokens have been sold for 65.43 million USDC, with an average selling price of $36.· All of this USDC has been used to purchase 350,000 SOL on Solana, at an average purchase price of $186.5.· They now only hold 743,000 HYPE tokens ($26.12 million), and are expected to continue selling to buy back SOL in the future.

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