The so-called <a href="#">a16z Address</a> has sold 105,400 HYPE tokens, and another 190,000 tokens have entered some trading platforms.

BlockBeats News, July 17, according to Hyperinsight monitoring, the suspected a16z affiliated execution address has sold a total of 105,400 HYPE spot today, with a trading volume of approximately $6.4812 million, an average price of around $61.49, and a total of about 11,400 transactions.

On-chain records show that the main entity address transferred a total of 120,000 HYPE to the above-mentioned execution address today in two separate transactions. At the same time, the main address also sent 100,000 HYPE to a Bybit aggregation path through an intermediate address, and rapidly transferred 90,000 HYPE to a exchange platform aggregation wallet through another address.

The aforementioned 190,000 HYPE can currently only be confirmed to have entered the exchange-related path, and it cannot be concluded from this that all have been sold. The main address has transferred a total of 315,000 HYPE today, with a balance of about 45,100 HYPE on the HyperEVM.

Previous monitoring showed that during the peak of the HYPE in early June, the entity continuously executed TWAP buy orders through over ten affiliated addresses, buying a total of 687,000 HYPE within four days and accumulating 6.617 million HYPE.

Previous News: "Major Player in HYPE Spot Market" Increases Holdings by $20.35 million, Single-handedly maintaining TWAP buy-side for three days

Main Address: 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e

Execution Address: 0xc745044ae202b60d3ef5ee89a5f6738011651464