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TechFlow, October 22 — According to on-chain analyst EmberCN (@EmberCN), the investor/institution that received an allocation of 1 million SOL has for the third consecutive day been selling HYPE to purchase SOL.
In the past four hours, this entity sold 675,000 HYPE for 23.44 million USDC, then bridged the funds to Solana to buy 126,900 SOL.
Currently, the entity still holds 743,000 HYPE, worth approximately $26.12 million.
According to on-chain analyst EmberCN (@EmberCN), the investor/institution that received a 1 million SOL investment allocation has continued selling HYPE to buy SOL for the third consecutive day. In the past 4 hours, this entity sold 675,000 HYPE for 23.44 million USDC, then bridged the funds to Solana to purchase 126,900 SOL. The entity still holds 743,000 HYPE, worth approximately $26.12 million.
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