Solana (SOL) Investor Turns 1 Million SOL Into $280 Million and Exits HYPE Position With $23.83 Million Profit

COINOTAG News, Oct 23, citing EmberCN, reports that the investor who received a 1M SOL allocation has exited their HYPE stake, selling 743k HYPE tokens for $28.21M. After a 10-month holding period, the exit yielded $23.83M. They reinvested the proceeds from selling 2.52M HYPE for $93.64M USDC into 50.29k SOL at an average price of $186.20.

Since 2020, the initial 1M SOL investment has grown to 1.496M SOL (about $280M), comprising 368k SOL earned in staking rewards and 127.9k SOL from the HYPE position. By end-2024, the holder liquidated 375k SOL for $70M and re-entered the HYPE market at $27.70, accumulating 2.52M HYPE. In recent sessions, the HYPE stake was exited at roughly $36.50 per token, realizing about $23.83M.