PANews reported on September 11th that @mlmabc reported that Anchorage has been continuously purchasing HYPE tokens through Bybit , buying 1.428 million (approximately $ 79 million) last week and withdrawing another 455,000 (approximately $ 25.3 million) from Bybit today. 210,000 of these tokens (approximately $ 11.7 million) were transferred to a newly created wallet suspected to be owned by a16z . Currently, a16z -related wallets hold a total of 1.638 million HYPE tokens (approximately $ 91 million). Analysts suggest this activity is driving HYPE market gains.