The a16z-linked wallet has purchased a total of 1.64 million HYPE tokens in the past month, resulting in a paper loss of over $6 million.

CoinFeed reported on May 14th that, according to Lookonchain monitoring, the wallet 0xb5E4, associated with a16z, purchased another 50,168 HYPE tokens (US$1.97 million) eight hours ago. Over the past month, this wallet has accumulated purchases of 1.64 million HYPE tokens (US$69.43 million), and currently has a paper loss exceeding US$6 million.