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TechFlow report: On July 29, according to on-chain analyst Ai Yi monitoring, after suspected multiple rounds of selling HYPE, an a16z-related entity may have restarted accumulating. In the past 8 hours, the relevant addresses have cumulatively withdrawn 132,056.65 HYPE from multiple exchanges, worth about $7.34M, with an average withdrawal price of about $55.54.
Data shows that since July 15, the same address has transferred a total of 398k HYPE to exchanges, worth approximately $24.89 million.