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An entity affiliated with a16z transferred 77,400 HYPE tokens, worth $5.18 million, to an exchange over a 5-hour period.
Svmuu News: According to on-chain analyst Ai Yi, an entity affiliated with a16z has not been accumulating HYPE for a week and has transferred a cumulative total of 77,400 HYPE tokens—worth $5.18 million—to major exchanges over the past five hours. This entity transfers tokens to exchanges frequently, but the scale of these transfers is significantly smaller than the volume it has accumulated; Over the past week, the price of HYPE has remained largely flat.
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Source：Odaily · Source Link
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