A wallet address suspected to be associated with a16z has sold 105,400 HYPE tokens, while an additional 190,000 HYPE tokens have been transferred to several trading platforms.

According to Hyperinsight monitoring, an execution address reportedly linked to a16z has continuously sold 105,400 HYPE spot tokens today, generating approximately $6.4812 million in trading volume at an average price of around $61.49 across roughly 11,400 transactions. On-chain records indicate the entity’s main address transferred a total of 120,000 HYPE to the aforementioned execution address in two separate trades today. Meanwhile, the main address routed 100,000 HYPE to Bybit via an intermediate address, and another 90,000 HYPE was quickly transferred to a trading platform’s aggregation wallet via a different address. It is only confirmed that these 190,000 HYPE have entered trading platform-related paths; it cannot be concluded that all of them have been sold. The main address has transferred out a total of 315,000 HYPE today, and currently holds around 45,100 HYPE on HyperEVM. Earlier monitoring shows this entity executed TWAP buy orders via more than a dozen associated addresses during HYPE’s all-time high in early June, purchasing 687,000 HYPE over four days and amassing a total of 6.617 million HYPE. Previous update: "HYPE spot major player adds another $20.35 million, single-handedly sustaining three-day TWAP buy orders" Main address: 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e Execution address: 0xc745044ae202b60d3ef5ee89a5f6738011651464