Hyperliquid Tumbles 12% as a16z-Linked Wallet Dumps $28M HYPE Tokens

Hyperliquid’s native token HYPE falls 12% over the past 24 hours amid massive profit-taking. On-chain data revealed that a wallet linked to venture capital giant a16z has started selling a major portion of its holdings. Ad Ad a16z Wallet Sells 437K Hyperliquid Tokens amid Massive Profit Booking An a16z-linked wallet known for massive accumulation of