PANews, June 17 – According to on-chain analyst Ai Yi, an entity associated with a16z withdrew 88,350 HYPE tokens worth $6.4 million from major exchanges over the past half hour. Since 2026, the entity has reportedly accumulated a position worth $7.335 million, with a total value of $340 million, at an average price of $46.46, and is currently sitting on an unrealized profit of $193 million.

Earlier news reported that a new wallet withdrew $6.4 million worth of HYPE from multiple CEX platforms and has accumulated 1.22 million HYPE over the past half month, depositing them into staking.