According to CoinMeta, and as monitored by on-chain analyst Yu Jin, a entity suspected to be a16z purchased 816,000 hype at an average price of $81.3 a week ago. Eight hours later, they transferred 13.05 million USDC into HyperLiquid and also bought hype. Currently, this entity holds 5.201 million hype, worth $445 million, with a floating profit of approximately $95.18 million.