The institution/investor that obtained 1 million SOL sold HYPE and repurchased SOL, currently holding approximately 224 million USD in SOL

According to ChainCatcher's message, data from the Ember chain shows that investors/institutions who received a distribution of 1 million $SOL have sold 733,000 $HYPE (worth $26.31 million) in the past 4 hours, and subsequently cross-chained USDC to Solana to buy 142,000 $SOL.

This investor sold 375,000 $SOL (worth $70 million) at a price of $27.7 at the end of last year and bought 2.52 million $HYPE. Since yesterday, they have started adjusting their positions, selling 1.142 million $HYPE (worth $42 million) at a price of $36.7, and repurchasing 223,000 $SOL at a price of $187.6. Their current holdings include 1.216 million $SOL (worth $224 million) and 1.42 million $HYPE (worth $50.5 million).