HYPE’s largest external entity, an a16z-affiliated entity, has allegedly been selling off $10.7 million worth of $HYPE since yesterday 😶

After news of the Binance hack was disclosed, the entity transferred 118,016 HYPE in batches to Wintermute / Galaxy Digital / Cumberland at an average price of $90.72. The purpose is unknown; the most recent transfer was 10 hours ago.

Wallet address: 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e