On August 27, on-chain analyst Yu Jin reported that a suspected a16z, currently the largest institutional holder of HYPE, has made another purchase and staking of HYPE after acquiring $24 million worth of HYPE at an average price of $68.7 in June. In the past day, this institution deposited 36 million USDC into Hyperliquid through 12 addresses, with approximately 24 million USDC used to buy 282,090 HYPE at an average price of about $81.5. Currently, this institution has cumulatively acquired and staked 4.679 million HYPE, valued at approximately $381 million, with an overall average holding price of about $65.6, resulting in an unrealized profit of around $74.4 million.
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Suspected a16z Address Acquires 282,090 HYPE Again, Total Holdings Reach 4.679 Million HYPE
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Suspected a16z Address Acquires Additional 282,090 HYPE, Total Holdings Reach 4.679 Million HYPE
On August 27, on-chain analyst Yu Jin reported that a suspected a16z, currently the largest institutional holder of HYPE, has made another purchase and staking of HYPE after acquiring $24 million worth of HYPE at an average price of $68.7 in June. In the past day, this institution deposited 36 million USDC into Hyperliquid through 12 addresses, of which approximately 24 million USDC was used to buy 282,090 HYPE at an average price of about $81.5. Currently, the institution has cumulatively purchased and staked 4.679 million HYPE, valued at approximately $381 million, with an overall holding average price of about $65.6, resulting in an unrealized profit of around $74.4 million. -
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