a16z: Withdraws 224K HYPE Worth $15.2M

a16z associated entities withdrew 224118 HYPE tokens valued at $15.156 million from exchanges over the past 24 hours, pushing total 2026 accumulation to 6.906 million tokens worth $322 million at an average cost of $46.7 and generating $131 million in floating profits.

Price action on the 4h chart shows HYPE trading at $64.99 inside the Bollinger Bands with the lower band at $64.18 acting as immediate support while the upper band at $77.32 marks short-term resistance. The EMA50 at $67.63 continues to cap upside as dynamic resistance, and the EMA200 at $56.36 provides the deeper floor. With RSI at 38.31 remaining neutral and MACD printing a death cross at -0.8, the structure favors a test of the 50-EMA before any sustained move higher.