a16z deposited 148,145 HYPE tokens worth approximately $12.63 million to major exchanges over the past 16 hours, at an average price of $85.26 per token, according to on-chain analyst Ai Yi. As the largest external entity holding HYPE, a16z has transferred a cumulative 233,000 HYPE—valued at over $20.6 million—since October 30. If sold at current prices, the position would generate a profit of $1.141 million.