Huo Xing Cai Jing reports that on July 24, according to Mlm monitoring, a HYPE whale has staked 2.785 million HYPE tokens across 20 wallets over the past 11 hours, valued at approximately $164 million. This whale previously accumulated 2.94 million HYPE tokens between September and October last year, currently worth around $172 million, making it one of the largest HYPE holders. The whale may be associated with a16z, though this has not been confirmed.
Suspected a16z address stakes 2.785M HYPE worth $164M
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Summary
A HYPE whale has staked 2.785 million HYPE tokens, worth approximately $164 million, across 20 wallets in the last 11 hours. The same address previously purchased 2.94 million HYPE tokens between September and October 2025, now valued at $172 million. The move has sparked speculation that the holder may be a16z. As new token listings attract attention, this token launch underscores significant on-chain activity.
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