a16z-associated addresses suspected of re-accumulating HYPE, withdrawing over 132,000 tokens from exchanges within 8 hours

TechFlow reports that on July 29, according to monitoring by on-chain analyst Ai Yi, after suspected multiple sales of HYPE, a16z affiliated entities may have resumed building positions. In the past 8 hours, relevant addresses cumulatively withdrew 132,056.65 HYPE from multiple exchanges, valued at approximately $7.335 million, with an average withdrawal price of approximately $55.54.

Data shows that the same address has cumulatively transferred 398,000 HYPE to exchanges since July 15, equivalent to approximately $24.89 million.