Wallet tied by analysts to a16z accumulates 2.11M HYPE worth $90.87M since April 14

An onchain wallet analysts have associated with a16z has accumulated 2.11 million HYPE tokens valued at about $90.87 million since April 14, including a $16.9 million buy on May 18. The same wallet has also staked roughly 1.3 million HYPE worth around $51 million, while HYPE-related ETF activity expanded with 21shares' THYP launch on May 12 and a Bitwise BHYP filing update dated April 10.