An a16z-affiliated entity has either repurchased HYPE or started a new position. Approximately $7.335 million HYPE has been withdrawn from CEX in the past 8 hours.

July 29th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), after suspected multiple sell-offs of HYPE, a16z affiliated entity may have started re-accumulating. In the past 8 hours, the related addresses have collectively withdrawn 132,056.65 HYPE from multiple exchanges, totaling approximately $7.335 million, with an average withdrawal price of around $55.54.

The data shows that the same address has transferred a total of 398,000 HYPE to exchanges since July 15th, equivalent to about $24.89 million.