An entity related to a16z transferred 77,400 HYPE to exchanges in 5 hours, valued at 5.18 million US dollars.

According to Odaily, on-chain analyst AiYi has monitored that a16z-related entities have not accumulated any HYPE for a week. In the past 5 hours, a total of 77,400 HYPE, worth $5.18 million, have been transferred to major exchanges. Although this entity frequently transfers coins to exchanges, the size is smaller than the amount it accumulates; over the past week, the price of HYPE has remained largely flat.