Address believed tied to a16z pulls 110,000 HYPE in 24 hours; total holdings hit 5.93M with $86.72M unrealized gain

ChainCatcher reported that on-chain analyst Ai Yi flagged an entity suspected to be linked to a16z for withdrawing 114,533.98 HYPE tokens over the past 24 hours from exchanges and market makers. The haul was valued at about $6.45 million, implying an average purchase price of $56.31. Since 2026, the same entity has amassed 5.93 million HYPE tokens, now worth roughly $240 million, with unrealized profits estimated at $86.72 million.