Hyperliquid Whale Stakes 2.785M HYPE Worth $164M

Address linked to a16z stakes 2.785M HYPE via 20 wallets, reducing circulating supply by $164M amid unconfirmed identity speculation.

Woofun AI data shows that a major Hyperliquid holder staked approximately 2.785 million HYPE tokens through 20 distinct wallets over an 11-hour period. The staked amount is valued at roughly $164 million, drawn from an address that accumulated nearly 2.94 million HYPE between September and October of the previous year. While market speculation links this entity to venture capital firm a16z, official verification of the address ownership remains pending.