An institution sold 675,000 HYPE and bought 126,900 SOL in the past 4 hours.

According to Jinse Finance, on-chain analyst Yujin has monitored that investors/institutions who received an allocation of 1 million SOL have sold HYPE to purchase SOL for the third consecutive day. In the past 4 hours, this institution sold 675,000 HYPE in exchange for 23.44 million USDC, and then bridged to Solana to purchase 126,900 SOL. Currently, the institution still holds 743,000 HYPE, valued at approximately 26.12 million US dollars.