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Suspected a16z Transfers $24M USDC to Hyperliquid in 20 Hours, Accumulates 4.035M HYPE Since March

Capital Flow On-Chain Data

2026-06-19 10:20:36

HYPE-5.70%

According to on-chain analyst Ember, over the past 20 hours, 12 suspected a16z wallets have transferred $24 million USDC to Hyperliquid and are acquiring HYPE tokens via time-weighted average price (TWAP) orders.

Since March, these 12 wallets have cumulatively moved $259 million USDC into the protocol, staking 4.035 million HYPE at an average price of $64 per token, with unrealized gains of approximately $29 million.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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a16z Transfers $24M USDC to Hyperliquid to Buy HYPE Over 20 Hours

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