Huo Xing Cai Jing reports that on August 27, according to on-chain analyst Yujin, the institution suspected to be a16z—the largest holder of HYPE—recently purchased and staked additional HYPE tokens after initially buying $24 million worth of HYPE at an average price of $68.70 in June. Over the past day, the institution deposited $36 million in USDC across 12 addresses into Hyperliquid, using approximately $24 million in USDC to acquire 282,090 HYPE tokens at an average purchase price of around $81.50. To date, the institution has cumulatively purchased and staked 4.679 million HYPE tokens, valued at approximately $381 million, with an overall average holding price of about $65.60 and an unrealized profit of roughly $74.4 million.
a16z's suspected address has purchased another 282,090 HYPE tokens, bringing the total staked amount to 4.679 million tokens.
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Summary
On-chain data shows that the suspected a16z address purchased 282,090 HYPE tokens on August 27, 2026, bringing its total staked HYPE to 4.679 million. On-chain analysis reveals the institution deposited 36 million USDC across 12 addresses to Hyperliquid, with 24 million used to purchase HYPE at an average price of $81.50. The total HYPE holdings are now valued at $381 million, with a floating profit of $74.4 million and an average cost basis of $65.60.
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