Suspected a16z Rebuys 282,000 HYPE, Total Staked Reaches 4.679 Million

Suspected a16z has recently bought and staked HYPE again. After purchasing $24 million worth of HYPE at an average price of $68.7 in June, the firm recently deposited 36 million USDC into Hyperliquid through 12 addresses, with approximately $24 million of that used to buy 282,090 HYPE at an average price of about $81.5. Currently, the firm has cumulatively bought and staked 4.679 million HYPE, valued at around $381 million, with an overall holding average price of about $65.6, resulting in an unrealized profit of approximately $74.4 million.

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