According to MLM monitoring, a whale address that previously purchased 2.94 million HYPE tokens (approximately $172 million) between September and October last year has staked 2.785 million HYPE tokens across 20 wallets over the past 11 hours, currently valued at approximately $164 million. On-chain analysts speculate that this address may belong to a16z.
Whale stakes 2.785M HYPE worth $164M, possibly linked to a16z
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Summary
A whale staked 2.785M HYPE across 20 wallets in the last 11 hours, valued at approximately $164M. The address previously held 2.94M HYPE, worth about $172M, from September to October last year. On-chain data suggests the wallet may be linked to a16z. This movement adds to recent crypto news highlighting significant HYPE activity.
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