a16z-Linked Address Withdraws Another $6.4 Million of Hyperliquid, 2026 Buys Estimated at $340 Million
Summary
- An a16z-linked address withdrew an additional 88,350 Hyperliquid (HYPE) tokens from major exchanges, worth about $6.4 million.
- The a16z-linked address is estimated to have bought about 7.335 million Hyperliquid tokens this year, bringing total purchases to about $340 million.
- The average purchase price for Hyperliquid was $46.46, and with the token now trading around $73, the unrealized profit is estimated at about $193 million.
Forecast Trend Report by Period
An address linked to Andreessen Horowitz, the Silicon Valley venture capital firm known as a16z, withdrew additional Hyperliquid tokens worth $6.4 million.
Odaily reported on June 17 that the a16z-linked address withdrew 88,350 Hyperliquid tokens from major exchanges that day. At current prices, the tokens are worth about $6.4 million.
The address is estimated to have bought about 7.335 million Hyperliquid tokens so far this year, for total purchases of about $340 million.
Its average purchase price was $46.46. As of June 17, its unrealized profit was about $193 million.
Hyperliquid was trading around $73 on CoinMarketCap as of June 17, down about 0.8% from a day earlier. The token was still up more than 31% from a week earlier.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
