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

According to Odaily Planet Daily, MLM monitoring reports that a major holder of Hyperliquid (HYPE) has recently conducted a large-scale staking operation. Data shows that this address 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 about 2.785 million HYPE from 20 wallets, worth approximately $164 million.

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