Address believed to be a16z Crypto buys additional $6.45M in HYPE

An address believed to belong to a16z Crypto, the crypto investment arm of Silicon Valley venture capital firm Andreessen Horowitz (a16z), has withdrawn 114,533.98 HYPE worth $6.45 million from exchanges and market makers over the past 24 hours, according to analysis from on-chain analyst ai_9684xtpa. The address has accumulated 5.93 million HYPE, valued at approximately $240 million, since the beginning of 2026, with profits reaching $86.72 million.