Odaily Planet Daily reports, according to Lookonchain monitoring, a whale associated with a16z (0x4c6...828) has created a new wallet and purchased 206,325 HYPE tokens over the past 10 hours, worth $9.95 million, which have since been staked. Since April 14, this whale has accumulated a total of 2.34 million HYPE tokens, valued at $102 million.
a16z-linked whale purchases 206,325 HYPE tokens worth $9.95M
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Summary
On-chain data shows a whale associated with a16z (0x4c6...828) created a new wallet and purchased 206,325 HYPE tokens, worth $9.95 million, in the past 10 hours. The tokens were immediately staked. Since April 14, this whale has accumulated 2.34 million HYPE tokens, valued at $102 million. This move coincides with rising interest in new token listings across major blockchains.
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