Whale related to a16z begins dumping, 437,000 $HYPE worth 28.38 million USD is pushed to exchanges
🔹 The macro money-flow tracking system on the blockchain has just issued a red alert signal upon detecting large-scale asset distribution activity from a whale that is closely associated with the investment fund a16z.
🔸 Specifically, on-chain data confirms that after a long period of accumulating a large amount of HYPE tokens, this entity has officially started a liquidation campaign. Within the past 48 hours, the whale has net transferred 437,000 HYPE (equivalent to about 28.38 million USD) to multiple major exchanges.
🔹 The rapid rotation of liquidity into these spot order books immediately created overwhelming sell-side pressure on the market, directly driving the HYPE price structure down by more than 12% in just two days.
🔹 The macro money-flow tracking system on the blockchain has just issued a red alert signal upon detecting large-scale asset distribution activity from a whale that is closely associated with the investment fund a16z.
🔸 Specifically, on-chain data confirms that after a long period of accumulating a large amount of HYPE tokens, this entity has officially started a liquidation campaign. Within the past 48 hours, the whale has net transferred 437,000 HYPE (equivalent to about 28.38 million USD) to multiple major exchanges.
🔹 The rapid rotation of liquidity into these spot order books immediately created overwhelming sell-side pressure on the market, directly driving the HYPE price structure down by more than 12% in just two days.
