Techub News, citing monitoring data from @lookonchain, reported that a wallet starting with 0xb5E4 sold 421,800 HYPE over the past 24 hours, with the transaction value estimated at about $25.3 million. On-chain data has tagged the address as being linked to venture capital firm Andreessen Horowitz, better known as a16z. The latest transfer was described as the most recent move in an ongoing series of HYPE reductions by the same wallet. Monitoring data indicates the address has been continuously trimming its HYPE holdings in recent days, and this 24-hour transaction is part of that pattern. No additional transaction details were provided in the source item.
Techub News reported, citing monitoring by @lookonchain, that a wallet beginning with 0xb5E4 sold 421,800 HYPE in the past 24 hours, worth about $25.3 million.
On-chain data has tagged the address as being linked to venture capital firm a16z. The monitoring data also showed that the wallet has been continuously reducing its HYPE holdings recently, with this transaction being the latest operation recorded in the past 24 hours.
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