# a16z-Linked Entity Moves 118,000 HYPE to Three Recipients

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/45281
Published: 2026-10-31T01:46:24.000Z
Updated: 2026-10-31T01:46:24.000Z
Section: Investing

> The transfers were valued at about $10.7 million, with an average price of $90.72 per token. Their purpose was unknown.

An a16z-linked entity moved 118,000 HYPE tokens to Wintermute, Galaxy Digital and Cumberland after reports of a suspected Binance hot-wallet theft. The transfers were valued at about $10.7 million.

The tokens moved in batches to Wintermute, Galaxy Digital and Cumberland, at an average price of $90.72 each.

The purpose of the transfers was unknown. The movement does not confirm that the tokens were sold.