a16z: Suspected Wallet Buys Additional HYPE

a16z suspected wallet transferred 1305万 USDC into Hyperliquid eight hours ago and began TWAP purchases of HYPE, extending its position to 520.1万 tokens staked at an average $67.2 for a current $9518万 float.

The same entity spent 6640万 USDC at $81.3 one week earlier and now controls the largest known institutional HYPE holding on the L1 perpetuals venue.

Price trades at $86.26 inside the Bollinger band with upper resistance at $88.28 and lower support at $81.36; the 50-EMA at $83.23 continues to act as concrete support while the 200-EMA at $72.86 anchors the longer-term structure, and neutral RSI at 60.0 alongside the MACD death cross suggests a measured pullback to the 50-EMA before any test of the upper band.