a16z-Linked Entity Moves 118,000 HYPE to Three Recipients

An a16z-linked entity moved 118,000 HYPE tokens to Wintermute, Galaxy Digital and Cumberland after reports of a suspected Binance hot-wallet theft. The transfers were valued at about $10.7 million. The tokens moved in batches to Wintermute, Galaxy Digital and Cumberland, at an average price of $90.72 each. The purpose of the transfers was unknown. The movement does not confirm that the tokens were sold. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost