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$HYPE a16z associated address transfers 77402 HYPE to exchanges in 5 hours
On-chain monitoring shows that after the a16z-related wallet stopped hoarding for a week, it began transferring coins; in total, over 5 hours it moved $5.18 million worth of HYPE to major platforms.
However, there’s no need to panic too much. This address frequently sends coins to exchanges in normal times, and the amount it is offloading this time is not that large compared to the total amount it previously hoarded.
What’s interesting is that over the past week, the HYPE price has barely fluctuated.
#TradFiCFDGoldMasters