Ai姨 Says a16z-Linked Entity Sent $15.02 Million in HYPE to Exchanges

An entity identified by on-chain analyst Ai姨 as linked to a16z transferred $15.02 million in HYPE to exchanges over five days, including a 32,862-token deposit Wednesday, Nov. 4.

Since July 15, the entity has withdrawn 3.75 million HYPE from exchanges and market makers at an average withdrawal price of $83.50 per token. The HYPE transferred during the five-day period would represent an estimated $1.08 million profit if sold; the estimate does not establish that a sale occurred or that a gain was realized.

A previous transfer involving an a16z-linked entity moved 118,000 HYPE to three recipients.