a16z-affiliated entity has deposited a total of 77,402 HYPE to the trading platform in the past 5 hours, equivalent to $5.18 million

BlockBeats News, June 30th, according to on-chain analyst AI Auntie (@ai_9684xtpa), the a16z-related entity has not continued to accumulate HYPE for a week, but has instead shown signs of outgoing transfers.

Over the past 5 hours, the entity has transferred a total of 77,402 HYPE to multiple exchanges, worth approximately $5.18 million. However, the frequency of its transfers to exchanges is not low, and the scale of this outgoing transaction is still relatively small compared to its previous accumulation.

It is worth noting that the HYPE price has remained relatively stable over the past week.