Monitored by Woofun AI, twelve wallets attributed to a16z have deployed $24 million USDC to Hyperliquid over the past 20 hours, executing HYPE acquisitions via TWAP strategies. As the leading institutional holder of HYPE, a16z has been a primary catalyst for the token's recent price milestones.

Since March, these entities have cumulatively routed $259 million USDC through more than 100 wallets to acquire and stake 4.035 million HYPE. With an average entry price of approximately $64, the position currently reflects an unrealized profit of roughly $29 million.