A whale has staked 2.785 million tokens from an address, worth approximately $164 million, possibly linked to a16z

Odaily Planet Daily News According to MLM monitoring, one of the largest holders of Hyperliquid (HYPE) has recently conducted a large-scale staking operation. Data shows that this address previously accumulated approximately 2.94 million HYPE between September and October last year, currently valued at around $172 million. Over the past 11 hours, this holder staked approximately 2.785 million HYPE through 20 wallets, worth about $164 million.

MLM stated that although the identity has not yet been confirmed, market speculation suggests this whale may be linked to the well-known venture capital firm a16z (Andreessen Horowitz). Currently, the ownership of the relevant on-chain addresses has not been officially verified. This large-scale staking activity may reflect the confidence of major holders in the long-term ecosystem development of HYPE, while also potentially reducing the circulating market supply.