a16z-affiliated entity suspected of selling 118,000 HYPE tokens, worth approximately $10.7 million.

PANews, October 31 news: According to on-chain analyst Aunt Ai's monitoring, an a16z-affiliated entity has apparently been selling HYPE worth $10.7 million since yesterday. After the Binance hack news was disclosed, the entity transferred 118,000 HYPE in batches to Wintermute, Galaxy Digital, and Cumberland at an average price of $90.72, with the purpose unknown; the most recent transfer occurred 10 hours ago.

PANews, October 31 news: According to on-chain analyst Aunt Ai's monitoring, an a16z-affiliated entity has apparently been selling HYPE worth $10.7 million since yesterday. After the Binance hack news was disclosed, the entity transferred 118,000 HYPE in batches to Wintermute, Galaxy Digital, and Cumberland at an average price of $90.72, with the purpose unknown; the most recent transfer occurred 10 hours ago.