a16z-related address withdraws over 110,000 HYPE within 24 hours, with cumulative holdings of 5.93 million tokens and unrealized profit of $86.72 million

Odaily reports that, according to monitoring by on-chain analyst Ai Yi, an address suspected to be associated with a16z has withdrawn 114,533.98 HYPE (worth $6.45 million) from exchanges and market makers in the past 24 hours, at an average withdrawal price of $56.31. Since 2026, this entity has accumulated a total of 5.93 million HYPE, with a total value of $240 million and an unrealized profit of $86.72 million.