Key Takeaways Lookonchain tracked 437,000 HYPE ($28.38M) from an a16z-linked whale to OKX, Bybit and Gate in 2 days. HYPE traded near $60 on July 17, down about 10% in 24 hours amid $1.35 billion in crypto liquidations. A16z-linked wallets built a 3.9 million HYPE stake worth $192.6 million earlier in 2026. HYPE Faces Increasing Market Pressure The whale moved the tokens onto Hyperliquid itself along with centralized exchanges OKX, Bybit and Gate, the standard route for converting a large position into cash. Lookonchain subsequently commented: The a16z-linked whale that previously accumulated a massive amount of HYPE has started selling! …