a16z Entity: Deposits 32,862 HYPE to Exchange
An a16z-linked entity deposited 32,862 HYPE tokens worth $15.02 million over five days to an exchange, with potential profit of $1.08 million if sold at current levels after withdrawing 3.75 million tokens since July at $83.5 average.
SourceAnalysis
a16z associated wallet moved another 32,862 HYPE to exchange custody, bringing the five-day total to $15.02 million. The same entity has withdrawn 3.75 million HYPE since July 15 at an average $83.5, setting up an estimated $1.08 million gain on the recent deposits if sold now.
Price sits at $81.88 on the 4-hour chart, pressing the lower Bollinger Band while EMA50 at $84.99 and EMA200 at $84.59 cap upside. MACD death cross at -0.61 keeps the structure bearish; any bounce is likely to stall at the $84.59-$84.99 zone before retesting lower support near $82.03.
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