According to Lookonchain monitoring, a whale marked as being associated with a16z has continued to sell HYPE. In the past 24 hours again, it sold 421,796 HYPE, worth about $25.3 million. The link between this address and a16z has not yet been officially confirmed.

HYPE1.87%
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BitcoinHistorian
· 07-18 09:22
Every time I see this kind of unconfirmed related news, I feel like someone is deliberately trying to steer the conversation. After all, if a16z really were unloading on a large scale, wouldn’t the official side have issued an announcement by now?
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GlassFishTankArbitrage
· 07-18 07:09
This HYPE drop is hard to escape the involvement of this whale, but the issue is that the market has already started to panic. Whether it’s a16z or not, big players cashing out is a signal, so retail investors need to be careful not to catch a flying knife. But it’s also possible that it’s a message intentionally released by shorting institutions—truth is hard to verify.
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IchimokuTraveller
· 07-18 06:52
Honestly, I’m more inclined to believe that these unconfirmed whale activities are part of market manipulation. Put out the news to dump the market first, then after retail traders panic-sell, accumulate at a lower price—same old playbook. But if it really is a16z, then HYPE believers will need to reassess.
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RapidsPilot
· 07-18 06:45
Every time they ship, they attach a tag that looks like “suspected a16z”—I’ve seen this script before.
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PhishingAlert
· 07-18 06:41
This whale is dumping orders like crazy, but a16z’s official hasn’t acknowledged it yet—don’t rush to follow the trend.
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RebaseCollector
· 07-18 06:40
If it really is a16z’s address, does that mean they don’t have much confidence in HYPE’s prospects? But then again, VC dumping has been going on for more than just a day or two—the key is whether the project itself has real value.
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