a16z Continues to Reduce HYPE Holdings, Transferring a Total of Approximately $10.19 Million Worth of Tokens to Exchanges in the Past Two Days

BlockBeats News, July 1st, according to Onchain Lens monitoring, the venture capital firm a16z once again transferred 76,840 HYPE tokens to multiple exchanges, worth approximately $5 million. Over the past two days, a16z has cumulatively transferred 154,242 HYPE tokens to exchanges, worth around $10.19 million, and the related tokens have entered the selling process.