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A suspected a16z-related address has bought 687,000 HYPE tokens in the past four days and has accumulated nearly $460 millions worth of spot this year.

A suspected a16z-related address has bought 687,000 HYPE tokens in the past four days and has accumulated nearly $460 millions worth of spot this year.

BlockBeatsBlockBeats2026/06/04 07:14
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BlockBeats news, on June 4, according to Hyperinsight monitoring, the "HYPE spot whale" today once again placed new TWAP (Time-Weighted Average Price) spot buy orders through five addresses, planning to purchase 136,000 HYPE spot tokens, worth about 9.65 million US dollars.


This whale has accumulated over 687,000 HYPE TWAP buy orders in the past four days, valued at approximately 48.09 million US dollars (calculated at a price of 70 US dollars). Monitoring indicates that the whale creates orders around each morning and plans to buy in batches over the following 24 hours.


The whale can be associated with more than a dozen addresses, all of which point to funding sources suspected of being related to HYPE's largest external entity, a16z. It is reported that these addresses frequently collected HYPE spot tokens from major exchanges and various liquidity sources in late May.


Since 2026, the associated addresses have accumulated 6,617,000 HYPE (currently valued at about 463 million US dollars). At present, most of these spot holdings have been transferred and consolidated on the Hyperliquid platform.


On-chain address (main): 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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