The "Suspected a16z Affiliate Entity" conducted a 12-address TWAP purchase of HYPE spot, investing over $24 million in two days.

BlockBeats News, August 26, according to TradingBeats (formerly Hyperinsight) monitoring, the suspected a16z-affiliated executive address cluster has once again initiated a new round of buying. 12 addresses simultaneously started TWAP in the morning, planning to collectively buy 148,700 HYPE tokens, with an estimated amount of approximately $12.15 million based on the $81.7 price; at least $8.49 million has been confirmed to have been executed.

This round of funding seamlessly follows the previous operation.

Previously, the 12 executive addresses collectively invested approximately $11.968 million through TWAP to buy 148,100 HYPE tokens. After the purchase, these HYPE tokens were withdrawn to HyperEVM and then transferred to 12 new addresses one by one; the 12 transfer paths were exactly the same, first transferring 1 HYPE token as a test, and then transferring the remaining quantity.

At 10:21 a.m. today, the 12 new addresses almost simultaneously transferred the 148,100 HYPE tokens received in the previous round back to HyperCore, with the entire process taking only 12 seconds.

At the same time, the 12 original executive addresses responsible for the previous round of purchases received a total of approximately $11.998 million USDC, and immediately started a new round of $12.15 million HYPE TWAP.

Some previous tracking shows the destination of their assets as follows: approximately 724,900 tokens were finally aggregated into the Hyperliquid Staking account and continue to be staked; from August 21 to 24, approximately 172,000 tokens were transferred to the Wintermute Hot Wallet via intermediate transfers; and about 1,060 tokens flowed to Coinbase and other addresses.

Main Address: 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e