a16z Transfers $24M USDC to Hyperliquid to Buy HYPE Over 20 Hours

HYPE0.12%
According to BlockBeats citing on-chain analyst Yanjin, 12 suspected a16z wallets transferred 24 million USDC to Hyperliquid over the past 20 hours on June 18, with the funds being used to buy HYPE via TWAP orders. a16z is currently the largest institutional holder of HYPE and has been a key driver of the token's recent all-time highs.
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