An investor who received a 1 million $SOL allocation has been actively trading HYPE for SOL over the past three days. The investor sold 675,000 HYPE for $23.44 million USDC today, which was then used to purchase 126,900 SOL on the Solana network. In total, the investor has exchanged 1.817 million HYPE for $65.43 million USDC, acquiring 350,000 SOL at an average price of $186.5 per token. The investor still holds 743,000 HYPE tokens, valued at approximately $26.12 million, and plans to continue converting HYPE to SOL.
Investor Sells HYPE for SOL, Acquires 350,000 SOL in Three Days
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