On July 17, a suspected a16z affiliated execution address has consecutively sold 105,400 HYPE, with a transaction amount of approximately $6.4812 million and an average transaction price of about $61.49, totaling around 11,400 transactions. On-chain records show that the main address of this entity transferred a total of 120,000 HYPE to the execution address in two transactions today. Meanwhile, the main address transferred 100,000 HYPE to Bybit via an intermediary address and moved 90,000 HYPE to a wallet on the trading platform. The aforementioned 190,000 HYPE can currently only be confirmed to have entered the relevant paths of the trading platform, and it cannot yet be determined that all of it has been sold. The main address has cumulatively transferred out 315,000 HYPE today, and its balance on HyperEVM is approximately 45,100 HYPE. This entity had previously executed TWAP buy orders through more than a dozen affiliated addresses during the peak of HYPE in early June, purchasing 687,000 HYPE within four days and accumulating a total of 6.617 million HYPE. The main address is 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e, and the execution address is 0xc745044ae202b60d3ef5ee89a5f6738011651464.
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