a16z Crypto Accumulates Nearly $356 Million Worth of HYPE Tokens

Recent on-chain data suggests that Andreessen Horowitz (a16z crypto) has significantly increased its holdings of HYPE tokens.

The data shows that a16z has accumulated nearly $356 million worth of HYPE tokens since August 2025, making them likely the sixth largest holder. This accumulation phase began almost a year ago and has continued to increase in recent hours.

According to the data, a16z has purchased around 9.18 million HYPETotal accumulated: 9.18 million HYPETotal cost: About $356 millionAverage price: $38.77Even after accounting for the wallets that have already transferred to exchanges and market making,there are still 8.84 million HYPE held across various addresses on-chain.At current prices, a16z's investment has resulted in substantial unrealized profits, reaching $79.29 million.

The accumulation strategy employed by a16z is notable for its continuity and diversification of addresses, which is typical of institutional-level long positions. The market's recent focus on HYPE's revenue capacity, with Hyperliquid's 24-hour revenue shooting up to the top three in the industry, may also be contributing to a16z's investment.