HYPE: a16z Whale Adds $15.2M in Fresh Accumulation

@lookonchain flagged an a16z-linked wallet that scooped another 261,250 $HYPE for $15.2 million in the last hour, pushing cumulative purchases since April 14 to 3.17 million tokens at a $46.8 average cost.

The address now sits on roughly $33 million in open gains as HYPE trades at $57.64. On the 4-hour chart the structure stays bullish with price holding above the EMA50 support at $48.83 and the EMA200 at $43.83; the MACD golden cross at 3.6 keeps momentum intact while RSI at 66.18 leaves room before overbought conditions. With HYPE pressing the upper Bollinger Band at $62.01, a measured retracement toward the 50-EMA remains the most probable next move before any extension higher, aligning with the whale’s disciplined accumulation zone.