PANews reported on October 22nd that an investor/institution that received a 1 million $SOL investment allocation sold HYPE for SOL for three consecutive days. Within four hours today, the investor sold 675,000 HYPE for 23.44 million USDC, which they then cross-chained to Solana to purchase 126,900 SOL.

Over the past three days, the investor has sold a total of 1.817 million HYPE tokens in exchange for 65.43 million USDC at an average price of approximately $36, and purchased 350,000 SOL tokens at an average price of $186.5. He currently holds 743,000 HYPE tokens (worth approximately $26.12 million) and expects to continue selling HYPE tokens in exchange for SOL tokens.