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a16z-linked wallet buys $24M in HYPE
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a16z-linked wallet buys $24M in HYPE

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  • A wallet believed linked to a16z bought 282,090 HYPE worth about US$24 million.
  • The wallet now holds and stakes about 4.679 million HYPE worth US$381 million.
  • a16z has not confirmed that it owns the wallet.

A wallet believed linked to Andreessen Horowitz (a16z) bought 282,090 Hyperliquid (CRYPTO:HYPE) worth about US$24 million.

The purchase lifted the wallet’s total HYPE holdings to about 4.679 million tokens.

The wallet’s total accumulated and staked HYPE was worth about US$381 million.

The activity was reported by crypto analytics platform AmberCN, which tracks large wallet movements.

a16z has not confirmed that it owns the wallet, so the link remains unverified.

The wallet’s HYPE is also staked, which means some tokens are being used to earn network rewards.

Hyperliquid is a decentralised derivatives platform with its own blockchain and HYPE as its native token.

At the time of reporting, Hyperliquid price was $81.48 .

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