a16z: Entity Transfers 118K HYPE to Market Makers
An a16z-linked entity transferred 118,016 HYPE tokens worth $10.7 million at an average price of $90.72 to Wintermute, Galaxy Digital and Cumberland after Binance theft disclosures.
SourceAnalysis
a16z associated entity transferred 118,016 $HYPE tokens worth $10.7 million at average $90.72 to Wintermute, Galaxy Digital and Cumberland in batches since yesterday, with the most recent move occurring 10 hours ago following Binance theft news.
Price action at $89.61 shows the token holding above EMA50 support at $83.41 and EMA200 at $83.37 with MACD golden cross at 3.2 confirming bullish structure, while neutral RSI at 58.62 and position inside Bollinger Bands point to potential retracement toward the 50-EMA before testing upper band resistance at $97.92.
Ai 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references