TechFlow News: On June 18, blockchain analyst Yu Jin (@EmberCN) reported that 12 wallets疑似 associated with a16z transferred $24 million in USDC to Hyperliquid over the past 20 hours and are continuously purchasing HYPE tokens via TWAP (Time-Weighted Average Price). Since March, this entity has deposited a total of $259 million in USDC across more than 100 wallets, buying and staking 4.035 million HYPE tokens at an average price of approximately $64 per token. Its current unrealized profit stands at roughly $29 million. It is now the largest holder of HYPE and one of the primary drivers behind HYPE’s recent consecutive all-time highs.
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