Suspected institutional address staked 2.785 million HYPE, valued at approximately $164 million
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Suspected institutional address staked 2.785 million HYPE, valued at approximately $164 million
On-chain monitoring shows that a suspected institutional address recently staked 2.785 million HYPE through 20 wallets, currently valued at approximately $164 million. Market speculation suggests the address may be related to a16z, but official confirmation has not yet been obtained.
TechFlow News, July 25, according to MLM monitoring, a whale address that previously accumulated 2.94 million HYPE tokens between September and October last year (worth approximately $172 million at the time) recently staked 2.785 million HYPE tokens through 20 wallets, valued at approximately $164 million at current prices.
On-chain analysts speculate that the address may belong to Andreessen Horowitz (a16z), but this speculation has not yet been officially confirmed.




