According to CoinMeta, a blockchain analyst reported that the largest holder of HYPE suspected to be a16z purchased 816,000 HYPE for $66.4 million at an average price of $81.3 per coin a week ago. Today, they transferred another $13.05 million into HyperLiquid and continued to buy HYPE through the TWAP method. So far, this institution has bought and pledged a total of 5.201 million HYPE, which is valued at approximately $445 million at current prices, resulting in a floating profit of about $95.18 million.