An entity linked to venture capital giant a16z purchased another 90,091 HYPE tokens worth about $5.238 million over the past 10 hours, on-chain data shows. The same entity has accumulated 6.996 million HYPE since the start of 2026, with a total investment of approximately $327 million.
An entity affiliated with renowned venture capital firm a16z has increased its HYPE holdings again, acquiring 90,091 tokens in the last 10 hours at a value of roughly $5.238 million, according to monitoring by crypto analyst Ai Yi (@ai_9684xtpa) reported by Odaily. HYPE serves as the native token of the decentralized derivatives exchange Hyperliquid, and a16z is a prominent Silicon Valley VC active in the crypto sector.
On-chain data further reveals that since the beginning of 2026, the entity has accumulated a total of 6.996 million HYPE tokens, with the total investment reaching about $327 million and an average purchase price near $46.85. The persistent buying has significantly expanded its HYPE position, underscoring sustained interest in the asset.
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