Data: a16z affiliated entities bought back 15.03 million USD HYPE, with over 250,000 coins withdrawn in the past 7 hours

According to crypto analyst Ai Yi @ai_9684xtpa, after a 5-day break, the a16z affiliated entity has started to accumulate a large amount of HYPE again.

Data shows that in the past 7 hours, this entity has withdrawn a total of 253,947.43 HYPE from multiple exchanges and market maker addresses, worth approximately 15.03 million USD, with an average withdrawal price of about 59.2 USD. Currently, HYPE has retraced about 10% from its historical high, now reported at 58.13 USD.