Cumulative HYPE Transfers Exceed $20.6 Million; a16z-Linked Entity Expected to Profit $1.141 Million if Sold

Odaily reports: According to monitoring by on-chain analyst Ai Yi, an a16z-linked entity has deposited a cumulative 148,100 HYPE worth $12.63 million to major exchanges over the past 16 hours, at an average deposit price of $85.26. Since October 30, the entity has transferred a cumulative 233,000 HYPE, valued at over $20.6 million; if sold, it is expected to profit $1.141 million.