Anchorage is reportedly involved in significant HYPE token purchases on behalf of a16z, according to recent reports. Last week, Anchorage acquired 1.428 million HYPE tokens, valued at approximately $79 million, through Bybit. Additionally, 455,000 tokens, worth about $25.3 million, were withdrawn from Bybit today. Of these, 210,000 tokens, valued at $11.7 million, were transferred to a newly created wallet believed to be associated with a16z. Currently, wallets linked to a16z hold a total of 1.638 million HYPE tokens, amounting to roughly $91 million. Analysts suggest that these transactions are contributing to the recent gains in the HYPE market.