Wallet that previously withdrew $6.4M in HYPE from exchanges belongs to a16z, with total position reaching $340M

CoinFeed, June 17 – According to on-chain analyst Ai Yi, an a16z-affiliated entity withdrew 88,350 HYPE worth $6.4 million from major exchanges in the past half hour. Since 2026, it has allegedly accumulated a position of $7.335 million, totaling $340 million at an average price of $46.46, with an unrealized profit of $193 million. Earlier reports indicated that a new wallet withdrew $6.4 million in HYPE from multiple CEX platforms and has withdrawn a total of 1.22 million HYPE over the past half month, depositing them into staking.