A16z associated with Whale recharged 437000 HYPE coins, causing a 12% drop in coin price

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A16z is associated with the fact that Giant Whale has recharged and sold 437000 HYPE coins worth $28.38 million to Hyperliquid, OKX, Bybit, and Gate in the past 2 days. The HYPE coin price has dropped by 12% in the past 2 days. (Lookonchain)

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