Suspected a16z Address Once Again Buys 282,090 HYPE Tokens, Accumulating a Total of 4.679 million HYPE Tokens through Purchase and Staking

BlockBeats News, August 27th. According to on-chain analyst Yu Jin, the suspected a16z, currently the institution with the largest HYPE holdings, bought $24 million worth of HYPE in June at an average price of $68.7. Recently, they have once again made a purchase and staked their HYPE.

Over the past day, this institution has deposited 36 million USDC into Hyperliquid through 12 addresses, with approximately 24 million USDC used to purchase 282,090 HYPE tokens at an average price of around $81.5.

Currently, the institution has accumulated 4.679 million HYPE tokens through purchases and staking, with a total value of approximately $381 million. The overall average purchase price is about $65.6, resulting in an unrealized gain of around $74.4 million.