a16z-affiliated entity transfers 77,400 HYPE worth $5.18 million to exchanges in 5 hours

Odaily News According to on-chain analyst Ai Yi's monitoring, an a16z-affiliated entity has not accumulated HYPE for a week and has transferred a total of 77,400 HYPE worth $5.18 million to various exchanges over the past 5 hours. This entity transfers tokens to exchanges with relatively high frequency, but the volume is lower than the scale of its accumulation; the price of HYPE has remained largely flat over the past week.