A16Z-affiliated entities have again stockpiled approximately 254,000 HYPE tokens, worth $15.03 million.

CoinFeed reported on May 28th that, according to on-chain analyst Ai Yi, after a five-day break, a16z-affiliated entities continued to accumulate large amounts of HYPE. In the past 7 hours, they received 253,947.43 HYPE tokens from various exchanges and market makers, worth $15.03 million, with an average withdrawal price of $59.20. Meanwhile, HYPE has retraced 10% from its peak, currently priced at $58.13.