a16z-associated entity continues to sell HYPE, transferring $10.19 million worth of HYPE to exchanges over two days

Odaily reported, according to Onchain Lens monitoring, entities associated with a16z are continuing to sell HYPE. The entity recently transferred 76,840 HYPE, valued at approximately $5 million, to multiple centralized exchanges.

Data shows that over the past two days, the entity has transferred a total of 154,242 HYPE, valued at approximately $10.19 million, to exchanges.