Entity associated with a16z transferred 77,400 HYPE to exchanges in the past 5 hours, worth $5.18 million

CoinFeed June 30 news, according to on-chain analyst Ai Yi monitoring, the entity associated with a16z has not been hoarding HYPE for a week, but rather selling. In the past 5 hours, a total of 77,402 HYPE were transferred to various exchanges, worth $5.18 million. However, the frequency of the entity transferring tokens to exchanges is not low, but compared to the magnitude of its hoarding, it is still small. In the past week, the HYPE token price has remained basically flat.