Address Allegedly Linked to a16z Sells 105,400 HYPE for $6.48M on July 17

HYPE-11.64%

According to Hyperinsight on-chain monitoring, an address allegedly linked to a16z sold 105,400 HYPE tokens for approximately $6.48 million on July 17, with an average price of $61.49 per token and cumulative transaction volume of about 11,400 orders.

The main address transferred a total of 315,000 HYPE tokens today, with an additional 190,000 HYPE confirmed to have entered exchange collection paths on Bybit and other trading platforms, though full liquidation of these tokens cannot yet be confirmed. The entity's HyperEVM balance currently stands at approximately 45,100 HYPE.

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