Solana (SOL) Institutional Investor Sells HYPE for USDC to Accumulate More SOL — Third Consecutive Day of SOL Buybacks

COINOTAG News, citing Ashes Monitor, reports an institutional allocation of 1 SOL that has entered a third straight cycle of HYPE liquidation and SOL accumulation. In about four hours, 675,000 HYPE were sold for 23.44 million USDC, followed by the purchase of 12,690 SOL on Solana.

Since the day before yesterday, the same entity has unloaded 1.817 million HYPE for 65.43 million USDC at a near-$36 average, with the proceeds deployed to acquire 350,000 SOL at roughly $186.50. The position now tops 743,000 HYPE valued at about $26.12 million.

The activity signals ongoing liquidity shifts between HYPE and SOL within the Solana ecosystem and highlights active institutional trading dynamics in the crypto market.