Major HYPE Whale Stakes 2.785M Tokens Worth $164M Over 11 Hours on July 24, Possibly a16z

HYPE-3.06%

According to BlockBeats, citing Mlm monitoring data, a major HYPE whale staked 2.785 million HYPE tokens worth approximately $164 million over the past 11 hours on July 24 through 20 wallets.

The whale accumulated 2.94 million HYPE tokens between September and October last year, currently valued at around $172 million, making it one of HYPE's largest holders. The whale may be linked to a16z, though this has not been confirmed.

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