Odaily Planet Daily reports, according to MLM monitoring, a major holder of Hyperliquid (HYPE) has recently executed a large staking operation. Data shows that this address accumulated approximately 2.94 million HYPE tokens between September and October last year, with a current value of about $172 million. Within the past 11 hours, the holder staked approximately 2.785 million HYPE tokens across 20 wallets, valued at around $164 million.
MLM indicated that, although the identity has not been confirmed, the market speculates that this whale may be associated with the well-known venture capital firm a16z (Andreessen Horowitz). The ownership of the related on-chain addresses has not yet been officially verified. This large-scale staking activity may reflect significant holders' confidence in the long-term development of HYPE’s ecosystem, while potentially reducing the circulating supply in the market.