a16z-affiliated entity reportedly re-established a position of $7.335 million in HYPE

On July 29th, according to on-chain analyst Ai Yi, entities associated with a16z appear to have resumed accumulating HYPE after allegedly selling off multiple times. In the past 8 hours, a cumulative total of 132,056.65 HYPE, valued at $7.335 million, was withdrawn from various exchanges at an average price of $55.54. Since July 15th, the same address has transferred a cumulative total of 398,000 HYPE (approximately $24.89 million) to exchanges.