Svmuu News: According to MLM monitoring, one of Hyperliquid’s (HYPE) largest holders has recently conducted a large-scale staking operation. Data shows that this address previously accumulated approximately 2.94 million HYPE tokens between September and October of last year, currently valued at approximately $172 million. Over the past 11 hours, this holder has staked approximately 2.785 million HYPE tokens—worth about $164 million—across 20 wallets.
MLM noted that although the holder’s identity has not yet been confirmed, market speculation suggests this whale may be affiliated with the well-known venture capital firm a16z (Andreessen Horowitz). Currently, the ownership of the relevant on-chain addresses has not been officially confirmed. This large-scale staking activity may reflect major holders’ confidence in the long-term ecosystem development of HYPE, while also potentially reducing the supply in circulation.