A16Z Suspect's HYPE Holdings Soar Amid $48M USDC Buy

A16Z Suspect's HYPE Holdings Skyrocket

The same addresses involved in accumulating HYPE for $65.6, $68.7 have now staked 441,000 tokens at an average price of $81.6, pushing their total holdings to 4.83 million HYPE valued at approximately $404 million.

This massive accumulation comes on the heels of a $48M USDC buy over two days, which has left the addresses sitting on $84.9 million in floating gains.

The same wallets have also recently put another $12M USDC into circulation for further purchases.