a16z: Deposits 148K HYPE to Exchanges
a16z deposited 148145 HYPE worth 12630000 dollars to exchanges in the past 16 hours at an average price of 8526 while continuing sales that began on October 30.
SourceAnalysis
a16z continued unloading $HYPE with fresh deposits of 148145 tokens worth 12630000 dollars to exchanges over the past 16 hours at an average price of 8526.
The venture firm the largest external holder has moved 233000 $HYPE valued above 20600000 dollars since October 30 and stands to book 1141000 dollars in profit on the latest tranche if sold.
Price action on the 4h chart shows $HYPE at 8442 inside the Bollinger Bands with the EMA50 at 8499 and EMA200 at 8482 acting as immediate overhead resistance while the MACD death cross at negative 051 keeps the broader structure bearish and the neutral RSI at 4684 leaves room for a quick test of the lower band support near 8200 before any relief bounce.
Ai 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references