Suspected Whale recently staked 2.785 million HYPE tokens, worth approximately $164 million

July 25th, according to on-chain monitoring, a whale address that previously accumulated 2.94 million HYPE tokens (approximately $172 million) from September to October last year, staked 2.785 million HYPE tokens through 20 wallets in the past 11 hours, currently valued at around $164 million.

On-chain analysts speculate that this address may belong to a16z (Andreessen Horowitz), but it has not been officially confirmed yet. This large stake indicates that the whale is transferring a significant amount of HYPE tokens into the staking system, signaling confidence in the long-term development of the Hyperliquid ecosystem.