On-chain data shows a wallet linked to a16z transferred 13.05 million USDC to Hyperliquid 8 hours ago and purchased HYPE through TWAP. The address previously bought 816,000 HYPE at $81.3 a week ago. Total staked HYPE now stands at 5.201 million tokens, worth $445 million, with an unrealized profit of $95.18 million.
BlockBeats, September 6 — According to monitoring by Yu Jin, a wallet suspected of belonging to a16z transferred 13.05 million USDC to Hyperliquid eight hours ago and purchased HYPE using a time-weighted average price (TWAP) order. The same address had previously spent 66.4 million USDC to buy 816,000 HYPE at an average price of $81.3 a week ago. Currently, the address has accumulated and staked 5.201 million HYPE tokens, valued at approximately $445 million, with an average cost of $67.2 and an unrealized profit of about $95.18 million.
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