PANews, June 18 – According to Ember, 12 wallets suspected to be associated with a16z transferred 24 million USDC to Hyperliquid over the past approximately 20 hours and are buying HYPE in batches via TWAP. Since March, the related addresses have transferred approximately 259 million USDC through over a hundred wallets, purchasing and staking around 4.035 million HYPE on Hyperliquid, with an average entry price of about $64 and an unrealized profit of approximately $29 million.