Onchain analyst says 12 wallets tied to a16z moved 24M USDC to Hyperliquid in 20 hours to buy HYPE

Onchain analyst Yujin reported that 12 wallets suspected to be linked to a16z transferred 24 million USDC to Hyperliquid over the past 20 hours and are buying HYPE using TWAP. Yujin said the wallets are the largest institutional holder of HYPE, and since March they have sent 259 million USDC via over 100 wallets to buy and stake 4.035 million HYPE.