a16z-Linked Wallets Accumulate 4.035M HYPE Tokens Since March

According to EmberCN, 12 wallets believed to be connected to Andreessen Horowitz (a16z) have transferred $24 million in USDC to Hyperliquid within the past 20 hours. The funds are reportedly being deployed through TWAP (Time-Weighted Average Price) strategies to build HYPE positions in a staggered manner.

This latest transfer extends an ongoing accumulation pattern that has been developing since March. During this period, more than 100 wallets linked to a16z have collectively moved about $259 million in USDC into Hyperliquid, using the capital to purchase and stake roughly 4.035 million HYPE at an average entry price near $64 per token.

The holdings currently show an estimated unrealized profit of approximately $29 million.

Source: EmberCN