A wallet linked to a16z bought 1.588 million HYPE over the past month, with the purchases valued at about $67.46 million, according to Lookonchain (blockchain analytics platform). The same data showed the address also staked (locking crypto to earn rewards) about 1.3 million HYPE worth around $51.20 million through multiple wallets. The activity points to a sizable accumulation and yield-focused positioning in the token, combining direct purchases with on-chain staking.