An a16z-linked whale that had previously accumulated a large amount of HYPE has started reducing its position, according to on-chain tracking by Lookonchain. Over the past two days, the wallet deposited 437,000 HYPE, worth about $28.38 million, to Hyperliquid, OKX, Bybit, and Gate. The transfers were flagged as potentially intended for selling. The activity points to a notable shift in behavior from accumulation to exchange inflows, with multiple trading venues involved over a short period. No additional details about completed sales were provided in the monitoring update.
An a16z-linked whale that had previously built a large HYPE position has begun cutting its holdings, according to Lookonchain.
Over the past two days, the whale deposited 437,000 HYPE, valued at about $28.38 million, to Hyperliquid, OKX, Bybit, and Gate. The transfers were flagged as possibly intended for selling.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
