Suspected a16z funds continue to accumulate HYPE on Hyperliquid

CoinFeed June 18 news, according to Yu Jin, 12 wallets suspected to be associated with a16z transferred 24 million USDC to Hyperliquid in the past approximately 20 hours, and are buying HYPE in batches via TWAP. Since March, the related addresses have transferred approximately 259 million USDC through over a hundred wallets, purchased and staked approximately 4.035 million HYPE on Hyperliquid, with an average entry price of about 64 USD and an unrealized profit of approximately 29 million USD.