a16z-Linked Entity Withdraws 88,350 HYPE From Exchanges, Ai Yi Says

An a16z-linked entity withdrew 88,350 HYPE from major exchanges over the past 30 minutes, according to monitoring by Ai Yi. According to Odaily, the withdrawal was valued at about $6.4 million. The monitoring data also said that since 2026, the entity is suspected to have built a position of 7.335 million HYPE with a total amount of about $340 million, at an average price of $46.46. It added that the position currently shows an unrealized profit of about $193 million.