A16z-related entities are suspected of dumping $10.7 million worth of HYPE tokens and transferring 118,000 tokens.

The entity associated with a16z, 0xb5E...F..., appears to have sold off $10.7 million worth of HYPE yesterday, transferring 118,000 HYPE tokens to Wintermute, Galaxy Digital, and Cumberland at an average price of $90.72. The most recent transfer occurred 10 hours ago.