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

According to Odaily Planet Daily, MLM monitoring reports that Hyperliquid (HYPE) a major holder has recently conducted large-scale staking operations. 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, the holder staked approximately 2.785 million of those HYPE tokens through 20 wallets, worth about $164 million.

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