Suspected a16z-linked wallet cluster buys HYPE for a third straight day, lifting total purchases since May to $306 million

Suspected a16z-linked wallet cluster buys HYPE for a third straight day, lifting total purchases since May to $306 million

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News Editor
2026-08-27 11:36:08
TradingBeats, formerly Hyperinsight, said on Aug. 27 that 12 addresses tied to a suspected a16z-linked execution cluster were still buying HYPE through time-weighted average price, or TWAP, orders as of publication. The current round was set to acquire 146,900 HYPE, with 127,600 already filled for an estimated $10.419 million at a weighted average price of about $81.68, leaving roughly 19,300 tokens unfilled. All 12 TWAP orders were still open. The activity marks the third consecutive day of purchases by the cluster. Over the previous two days, the addresses bought 148,100 HYPE and 146,300 HYPE, worth about $11.968 million and $11.998 million, respectively. Including the portion filled today, the cluster has accumulated around 422,000 HYPE over the past three days, with actual spending of about $34.384 million. Trading records cited by TradingBeats show the 12 addresses have been using TWAP to buy HYPE since May 11. From May through June, they completed 244 TWAP buy orders for about 4.2362 million HYPE worth around $272 million. After adding the three orders filled between Aug. 25 and Aug. 27, total purchases since May reached roughly 4.6582 million HYPE, with historical executed value rising to about $306 million.

BlockBeats reported on Aug. 27 that, according to TradingBeats, formerly Hyperinsight, 12 addresses in a suspected a16z-linked execution cluster were still buying HYPE through TWAP orders as of publication.

The current round targeted 146,900 HYPE. So far, 127,600 HYPE has been filled, and a trade-by-trade recalculation put the executed value at about $10.419 million. The weighted average price was დაახლოებით $81.68, and the order completion rate stood near 86.8%. None of the 12 TWAP orders had finished, with about 19,300 HYPE still left to execute, valued at roughly $1.596 million at the current price.

This is the third straight day of purchases in the latest buying streak. Over the previous two days, the cluster bought 148,100 HYPE and 146,300 HYPE, with transaction values of about $11.968 million and $11.998 million. Including the portion filled today, the cluster has bought about 422,000 HYPE over the last three days, spending around $34.384 million in actual terms.

Of the 294,400 HYPE acquired in the first two rounds, about 294,300 HYPE was later moved out of the original execution accounts, equal to roughly 99.94%, and sent into an account system tied to HyperEVM and staking. TradingBeats said this path reflects position transfers and should not be treated directly as selling. It also said the transfers do not prove that all of the tokens have been staked. The HYPE bought today, by contrast, is still mainly sitting in the 12 execution addresses.

Records show the 12 addresses have been buying HYPE through TWAP since May 11. From May to June, they completed 244 TWAP buy orders, accumulating about 4.2362 million HYPE for around $272 million. After including the three orders executed from Aug. 25 through today, the cluster's cumulative purchases since May have reached about 4.6582 million HYPE, and total historical executed value has climbed to about $306 million. If the remaining part of today's order is fully completed, cumulative purchases would rise further to about 4.6775 million HYPE.

The main address listed in the record is 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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