After holding HYPE for 10 months, a SOL investor/institution sold about 410,000 HYPE for the first time today to buy back SOL.

An investor/institution that received a 1 million SOL investment allocation sold some of their SOL at the end of last year and invested in 2.52 million HYPE. Ten months later, they took their first profit, selling some of their HYPE (worth $15.68 million) and then repurchased SOL. Their profit on HYPE reached $26.7 million.