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a16z-affiliated entities have transferred HYPE worth $15.02 million to trading platforms over the past five days.

BlockBeats news, November 4th, according to ai_9684xtpa monitoring, the largest external entity associated with a16z, the top external entity of HYPE, has once again deposited 32,862 HYPE tokens to the trading platform. Over the past five days, this entity has cumulatively transferred HYPE worth approximately $15.02 million.


Since July 15th, this entity has cumulatively withdrawn 3.75 million HYPE tokens from major trading platforms and market makers (MMs), and this data does not deduct subsequent deposit amounts. The average withdrawal price was $83.5. If all the HYPE transferred in the past five days have been sold, the estimated profit is about $1.08 million.

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HYPE is no longer simply seen as a high-performance perpetual DEX token, but as an on-chain transaction system.
A16Z is more of a media empire than a Silicon Valley investment house.
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