PANews|Aug 28, 2026 02:37
[Suspected a16z entity has invested 36 million USDC in two days to purchase 441,000 HYPE and stake them]
According to on-chain analyst Yu Jin's monitoring, the suspected largest HYPE-holding entity linked to a16z is continuously buying and staking HYPE. Over two days, 36 million USDC has been invested to purchase 441,000 HYPE at an average price of $81.6, all of which have been staked. The buying activity is ongoing, with an additional 12 million USDC transferred for further purchases. Currently, the entity's total staked HYPE has reached 4.826 million tokens (approximately $404 million) at an average price of $66.1, with an unrealized profit of approximately $84.9 million.
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