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Suspected a16z-Linked Wallet Sells $6.5 Million in HYPE as Token Slides 9% A wallet suspected to be linked to a16z sold 105,400 HYPE worth…

Suspected a16z-Linked Wallet Sells $6.5 Million in HYPE as Token Slides 9% A wallet suspected to be linked to a16z sold 105,400 HYPE worth about USD 6.48 million at an average price of USD 61.49, according to HyperInsight. Another 190,000 HYPE was transferred through aggregation routes tied to exchanges including Bybit, though it remains unclear whether the tokens were fully sold. The address moved a total of 315,000 HYPE during the day and now holds about 45,100 HYPE on HyperEVM. HYPE was trading near USD 58.99, down 9.72 % over the past 24 hours after falling as low as USD 58.89.
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