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On-chain data reveals that entities linked to a16z transferred 233,000 HYPE tokens over the past 16 hours, worth over $20.6 million. According to on-chain analyst Ai Yi, 148,100 HYPE tokens were deposited into major exchanges at $85.26 each, totaling $12.63 million. If sold, the projected profit amounts to $1.141 million. Crypto price news indicates this movement has attracted attention amid elevated token valuations.

<p>Odaily Planet Daily reports, according to on-chain analyst Aunt Ai, the a16z-affiliated entity has deposited a total of 148,100 HYPE tokens across major exchanges over the past 16 hours, valued at $12.63 million, with an average deposit price of $85.26. Since October 30, the entity has transferred a cumulative total of 233,000 HYPE tokens, worth over $20.6 million; if sold, it is estimated to realize a profit of $1.141 million.</p>

Odaily Planet Daily reports, according to on-chain analyst Aunt Ai, the a16z-affiliated entity has deposited a total of 148,100 HYPE tokens across major exchanges over the past 16 hours, valued at $12.63 million, with an average deposit price of $85.26. Since October 30, the entity has transferred a cumulative total of 233,000 HYPE tokens, worth over $20.6 million; if sold, it is estimated to realize a profit of $1.141 million.

a16z-linked entity transfers 233,000 HYPE tokens, projected profit of $1.141M if sold

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