a16z-affiliated entity buys another $15.03 million worth of HYPE, withdrawing over 250,000 tokens in the past 7 hours

Odaily Planet Daily News: According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, after a five-day pause, an entity linked to a16z has resumed its large-scale accumulation of HYPE.

Data shows that over the past 7 hours, this entity has withdrawn a total of 253,947.43 HYPE from multiple exchanges and market maker addresses, valued at approximately $15.03 million, with an average withdrawal price of around $59.2.

Currently, HYPE has retraced about 10% from its all-time high, now trading at $58.13.