a16z Offloads 154K Hyperliquid (HYPE) Tokens Worth $10M+ in Two Days

a16z transferred 76,840 Hyperliquid (HYPE) tokens to several centralized exchanges, including Bybit, Gate.io, and OKX, roughly seven hours ago as part of ongoing distribution activity.

This latest transfer comes amid a broader selling streak, during which the firm has offloaded a total of 154,242 HYPE over the past two days, valued at approximately $10.19 million.

Meanwhile, CoinGecko data shows that HYPE has declined about 2% over the past 24 hours, trading near $63.52 at the time of reporting.

Source: Onchain Lens