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📰 [a16z-related address accumulated 1.59M HYPE tokens over the past month]
BlockBeats reports that on May 13, according to Lookonchain monitoring, a wallet associated with a16z (0xb5E4) bought 1.59M HYPE tokens (worth $67.46 million) in the past month, and staked 1.3 million HYPE tokens (worth $51.2 million) across multiple wallets.
I swear! This bunch of a16z’s shady whales are secretly accumulating! A month of going all-in on 1.58 million HYPE tokens, costing sixty-seven million dollars without blinking an eye, and they even staked over a million tokens—are they trying to lock up the supply and push the price up, blocking retail investors from getting in?
Damn it, every time these top-tier institutions step in to buy the dip, it’s when retail panic sells. By the time you realize and chase in, they’ve already gobbled up the bloodied chips!
Don’t ask me if I can follow; just do as you see fit. Anyway, I smell blood—when whales of this level enter, after the shakeout, there’s definitely a story behind it.
👇👇👇👇👇