An investor/institution that received a 1 million SOL investment allocation sold some of it at the end of last year and invested in 2.52 million $HYPE.
After holding it for 10 months, he sold some of his HYPE for the first time, taking profits ($15.68 million) and then repurchased SOL. His profit on HYPE reached $26.7 million.
1⃣Solana Investor/Institution
In June 2020, he received a 1 million SOL investment allocation.
Address where he received the 1 million SOL:
2⃣Sold some SOL to invest in HYPE
In December 2024, shortly after HYPE launched, he sold 375,000 SOL at approximately $191 for approximately 70 million USDC. He then transferred these USDCs across chains to the Arbitrum chain and into Hyperliquid, ultimately purchasing 2.52 million $HYPE at an average price of $27.7.
SOL was distributed through the 6RYV address and then sold:
3⃣ Started selling HYPE to take profits and repurchasing SOL.
On October 2025, 10 months after holding HYPE, he sold 408,900 HYPEs at $38.3 for 15.68 million USDC. He then transferred the USDC back to Solana and repurchased 81,100 SOL at $193.
HYPE selling address:
USDC transferred back to Solana and then purchased SOL:
4⃣ Holdings and Profits
He now holds 1.073 million SOL ($206 million) and 2.152 million HYPE ($82.63 million). HYPE's profits exceeded $26.7 million, and SOL's profits were even higher, as these SOL were acquired through investment at extremely low costs, and the staking rewards alone over the past five years have been close to 400,000 SOL.
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