The a16z-linked wallet purchased approximately 1.588 million HYPE tokens in the past month, with a transaction value of approximately $67.46 million.

CoinFeed reported on May 13 that, according to Lookonchain, the wallet address “0xb5E4” associated with a16z purchased approximately 1.588 million HYPE tokens in the past month, with a transaction amount of approximately $67.46 million. It has already distributed approximately 1.3 million HYPE tokens (approximately $51.2 million) to multiple wallets.