PANews reported on October 20th that, according to on-chain analyst Yu Jin, 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. Ten months after holding it, 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. Solana investors/institutions: received an investment allocation of 1 million SOL in June 2020. Selling some SOL to invest in HYPE: In December 2024, shortly after HYPE launched, he sold 375,000 SOL at around $191 for approximately 70 million USDC. He then transferred these USDC to the Arbitrum chain and into Hyperliquiquit, ultimately purchasing 2.52 million HYPE at an average price of $27.7. Start selling HYPE to take profit and buy back SOL: 2025/10, 10 months after holding HYPE, he sold 408,900 HYPE at $38.3 in exchange for 15.68 million USDC, and then crossed back to Solana to buy back 81,100 SOL at $193. Holdings and Profits: He currently holds 1.073 million SOL (worth $206 million) and 2.152 million HYPE (worth $82.63 million). HYPE's profit exceeds $26.7 million, while SOL's profit is even higher because these SOLs were invested at very low costs, and the staking income alone over the past five years has been close to 400,000 SOLs.PANews reported on October 20th that, according to on-chain analyst Yu Jin, 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. Ten months after holding it, 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. Solana investors/institutions: received an investment allocation of 1 million SOL in June 2020. Selling some SOL to invest in HYPE: In December 2024, shortly after HYPE launched, he sold 375,000 SOL at around $191 for approximately 70 million USDC. He then transferred these USDC to the Arbitrum chain and into Hyperliquiquit, ultimately purchasing 2.52 million HYPE at an average price of $27.7. Start selling HYPE to take profit and buy back SOL: 2025/10, 10 months after holding HYPE, he sold 408,900 HYPE at $38.3 in exchange for 15.68 million USDC, and then crossed back to Solana to buy back 81,100 SOL at $193. Holdings and Profits: He currently holds 1.073 million SOL (worth $206 million) and 2.152 million HYPE (worth $82.63 million). HYPE's profit exceeds $26.7 million, while SOL's profit is even higher because these SOLs were invested at very low costs, and the staking income alone over the past five years has been close to 400,000 SOLs.
After holding HYPE for 10 months, a SOL investor/institution sold about 410,000 HYPE for the first time today to buy back SOL.
PANews reported on October 20th that, according to on-chain analyst Yu Jin, 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. Ten months after holding it, 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.
- Solana investors/institutions: received an investment allocation of 1 million SOL in June 2020.
- Selling some SOL to invest in HYPE: In December 2024, shortly after HYPE launched, he sold 375,000 SOL at around $191 for approximately 70 million USDC. He then transferred these USDC to the Arbitrum chain and into Hyperliquiquit, ultimately purchasing 2.52 million HYPE at an average price of $27.7.
- Start selling HYPE to take profit and buy back SOL: 2025/10, 10 months after holding HYPE, he sold 408,900 HYPE at $38.3 in exchange for 15.68 million USDC, and then crossed back to Solana to buy back 81,100 SOL at $193.
- Holdings and Profits: He currently holds 1.073 million SOL (worth $206 million) and 2.152 million HYPE (worth $82.63 million). HYPE's profit exceeds $26.7 million, while SOL's profit is even higher because these SOLs were invested at very low costs, and the staking income alone over the past five years has been close to 400,000 SOLs.
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