According to Ember Monitoring, the suspected largest HYPE holding institution affiliated with a16z continued buying HYPE today. This institution previously purchased 816,000 HYPE tokens at an average price of $81.30, spending $66.4 million USDC one week ago. Eight hours ago, it transferred $13.05 million USDC to Hyperliquid and purchased HYPE via TWAP. Currently, the institution has bought and staked 5.201 million HYPE tokens, valued at approximately $445 million, with an average purchase price of around $67.20, yielding an unrealized profit of approximately $95.18 million.
Suspected a16z institution continues to accumulate HYPE, with current floating profit exceeding $95M
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Summary
A suspected a16z institution has continued accumulating HYPE, with altcoins under watch drawing attention amid strong buying activity. According to Yujin’s monitoring, the entity spent $66.4 million USDC to purchase 816,000 HYPE tokens at $81.30 one week ago. Eight hours ago, it transferred $13.05 million USDC to Hyperliquid and executed a TWAP buy. The institution now holds 5.201 million HYPE tokens, valued at $445 million, with a floating profit of $95.18 million. The Fear & Greed Index remains elevated as large buyers continue to act.
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