a16z-linked entity moves 233,000 HYPE, analyst estimates $1.14m profit if sold

The story so far: a16z-linked HYPE selling

An a16z-linked entity, HYPE's largest external holder, was suspected of selling $10.7m of HYPE on Oct 31 and has moved $15m to exchanges over five days. It has now deposited 148,100 HYPE worth $12.6m at an average of $85.26, moving 233,000 HYPE since Oct 30 with an estimated $1.14m profit if sold.

1. 31 Oct 202601:42 UTC

   a16z-linked entity suspected of selling 118,000 HYPE, analyst says

   Onchain analyst Ai Yi says an a16z-linked entity suspected of selling $10.7m of HYPE moved 118,000 tokens to Wintermute, Galaxy Digital and Cumberland at an average of $90.72, with the latest transfer 10 hours earlier.

   AltcoinsOdailyAIBearish

2. 4 Nov 202603:02 UTC

   a16z-linked entity moves $15m of HYPE to exchanges over five days

   An a16z-linked entity, HYPE's largest external holder, deposited another 32,862 HYPE to exchanges, moving $15m of the token over five days, on-chain analyst Ai Yi says. It has withdrawn 3.75m HYPE since 15 July at an average of $83.5.

   AltcoinsPANewsAIBearish

3. 4 Nov 202603:12 UTC

   a16z-linked address sends another $2.67m of HYPE to exchanges

   An address linked to Andreessen Horowitz deposited a further 32,862 HYPE, worth $2.67m, to exchanges over the past 10 hours, per ai_9684xtpa. It has moved $15m of HYPE to exchanges in five days.

   AltcoinsCoinNessAIBearish

4. 5 Nov 202602:38 UTC

   a16z-linked entity moves 233,000 HYPE, analyst estimates $1.14m profit if sold

   An a16z-linked entity deposited 148,100 HYPE worth $12.6m to exchanges over 16 hours at an average of $85.26, on-chain analyst Ai Yi says. It has moved 233,000 HYPE worth over $20.6m since 30 Oct, with an estimated $1.14m profit if sold.

   AltcoinsOdailyAIBearish