Data: a16z affiliated entities allegedly transferred 118,000 HYPE, approximately 10.7 million USD

According to on-chain analyst @ai_9684xtpa's monitoring, a16z affiliated entities have transferred 118,000 HYPE to Wintermute, Galaxy Digital, and Cumberland in batches since yesterday, valued at approximately 10.7 million dollars based on an average price of 90.72 dollars, with the specific use still unclear.