Lion Group, a Nasdaq-listed company, sold all of its SOL holdings and part of its BTC holdings on September 29 to increase its HYPE position. According to Foresight News, the proceeds were used to buy about 38,102 HYPE.

After the adjustment, Lion Group held about 232,900 HYPE, valued at about $20.1 million. The company did not sell any of its previously held HYPE.