a16z-Linked Wallets Continue Large-Scale HYPE Buying, May Be Biggest Outside Holder
Suehyeon Lee
Summary
- Wu Blockchain reported that wallets linked to a16z Crypto are accumulating Hyperliquid (HYPE) on a large scale.
- The wallets may rank around sixth in HYPE holdings and, excluding Hyperliquid-linked addresses, could effectively be the largest outside holder.
- The wallets are estimated to have added about 4.92 million HYPE this year, bringing cumulative purchases to 9.18 million HYPE, with an average purchase price of $38.77 and unrealized gains of about $79.29 million.
Forecast Trend Report by Period
Wallets linked to venture capital firm a16z Crypto are continuing to accumulate Hyperliquid's HYPE token in size.
Wu Blockchain reported on May 20, citing on-chain analyst ai_9684xtpa, that the wallets may now rank around sixth by HYPE holdings.
Excluding addresses linked to Hyperliquid itself, the wallets could effectively be the largest outside holder, the analyst added.
The analysis estimates the wallets have accumulated about 4.92 million HYPE this year, worth roughly $183 million.
Since August 2025, cumulative purchases have reached about 9.18 million HYPE, or about $356 million. The average purchase price was about $38.77, with unrealized gains estimated at about $79.29 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
