PANews reported on October 21 that according to data on the Embers chain, investors/institutions that received an investment allocation of 1 million $SOL sold 733,000 $HYPE (worth US$26.31 million) in the past four hours, and then transferred USDC across the chain to Solana and bought 142,000 $SOL.

At the end of last year, the investor sold 375,000 $SOL (worth $70 million) at $27.7 and bought 2.52 million $HYPE. Since yesterday, he has been adjusting his holdings, selling 1.142 million $HYPE (worth $42 million) at $36.7 and repurchasing 223,000 $SOL at $187.6. His current holdings include 1.216 million $SOL (worth $224 million) and 1.42 million $HYPE (worth $50.5 million).