Solana News Today: Crypto Whale Sells $12.39M SOL to Buy $533.5M HYPE and $6.655M ETH

Generated by AI AgentCoin World
Thursday, Aug 7, 2025 9:31 pm ET1min read
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Aime RobotAime Summary

- A crypto whale sold $12.39M in Solana (SOL) on August 6, 2025, via HyperLiquid, reallocating funds to $533.5M HYPE and $6.655M ETH.

- The trade signals bearish short-term sentiment toward Solana while showing confidence in Ethereum's and HYPE's long-term potential.

- Large-scale on-chain transactions highlight crypto market dynamics, with tools like OnchainLens enabling real-time transparency for investors.

- While strategic for hedging volatility, the move reflects individual investor behavior rather than a broader market trend.

A large crypto whale executed a significant trade on August 6, 2025, by selling 70,558

Solana
(SOL) tokens through the HyperLiquid platform, according to on-chain analytics firm OnchainLens. The transaction was valued at approximately $12.39 million, based on the market price of SOL at the time [1]. The whale then used the proceeds to purchase 130,737 HYPE tokens and 1,711.77 Ether (ETH). The HYPE tokens were acquired at an average price of $4,080, totaling around $533.5 million in value, while the ETH purchase came at an average price of $3,888, representing a $6.655 million investment [1].

This trade reflects a notable reallocation of assets from a relatively newer and volatile asset like Solana to a more established token (ETH) and a newer high-value token (HYPE). The move suggests a potential bearish outlook on Solana in the near term while expressing confidence in the long-term potential of both HYPE and

Ethereum
. Such large-scale trades are often seen as signals by market participants and can contribute to short-term price fluctuations.

The size and nature of the trade highlight the ongoing dynamics within the crypto market, where institutional-level investors actively rebalance portfolios in response to market conditions. The transaction was captured through on-chain monitoring tools, which are increasingly used to track and analyze movements of large assets in real time. Platforms like OnchainLens continue to provide transparency in an otherwise opaque market, allowing for more informed decision-making by investors and analysts.

Given the scale of the trade, the whale’s actions could be interpreted as a strategic move to hedge against potential volatility in the Solana network while taking a long position in ETH and HYPE. However, it is important to note that this single transaction does not represent a broader market trend but is reflective of individual investor behavior in a fast-moving asset class.

Source: [1] A whale address sold 70,000 SOL (https://www.moomoo.com/hant/news/flash/20864028/a-whale-address-sold-70000-sol-swapped-for-13000-hype)