Suspected that an institution pledged 2.785 million HYPEs worth approximately US$164 million 11 hours ago

According to MLM monitoring, a giant whale address who previously purchased a total of 2.94 million HYPEs (approximately US$172 million) from September to October last year pledged 2.785 million HYPEs through 20 wallets in the past 11 hours, with a current value of approximately US$164 million. Analysts on the chain speculated that the address may belong to a16z (Andreessen Horowitz), but it has not yet been officially confirmed. This large pledge shows that the giant whale is transferring a large amount of HYPE into the pledge system, or shows its confidence in the long-term development of the Hyperliquid ecosystem.