a16z-affiliated entities once again accumulated approximately 254,000 HYPE tokens, valued at $15.03 million.

On May 28, according to on-chain analyst Ai Yi, after a five-day break, an entity associated with a16z continued to accumulate HYPE in large quantities. In the past 7 hours, 253,947.43 HYPE tokens, valued at $15.03 million, were received from major exchanges and market makers, with an average withdrawal price of $59.2. Meanwhile, HYPE has pulled back 10% from its peak, currently trading at $58.13.