a16z-affiliated entity withdrew 132,100 HYPE worth $7.335 million in the past 8 hours

According to monitoring by on-chain analyst Ai Yi, a wallet (0xb5E...c24e) suspected to be affiliated with a16z has withdrawn a total of 132,056.65 HYPE, valued at $7.335 million, from various exchanges over the past 8 hours, at an average withdrawal price of $55.54. Since July 15, the same address has transferred a total of 398,000 HYPE, approximately $24.89 million, to exchanges.