ChainCatcher reported that on-chain analysts flagged a wallet, 0xb5E...c24e, as a suspected a16z-linked address after it withdrew 132,056.65 HYPE from multiple exchanges over the past eight hours. The tokens were valued at about $7.335 million, with an average withdrawal price of $55.54. The same wallet has also transferred a cumulative 398,000 HYPE to exchanges since July 15, worth roughly $24.89 million. The figures were attributed to on-chain monitoring cited by ChainCatcher. No additional details were disclosed in the brief update.
According to ChainCatcher, on-chain analysts have identified wallet 0xb5E...c24e as a suspected entity linked to a16z. Over the past eight hours, the wallet withdrew a total of 132,056.65 HYPE from multiple exchanges.
The withdrawn tokens were valued at about $7.335 million, with an average withdrawal price of $55.54. Since July 15, the same address has transferred a cumulative 398,000 HYPE to exchanges, worth about $24.89 million.
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