According to CoinMeta, the entity associated with a16z has transferred a total of $15.02 million in HYPE to exchanges over the past five days, including a re-deposit of 32,862 HYPE to exchanges. Since July 15th, this entity has withdrawn a total of 3.75 million HYPE from major exchanges and market makers, at an average price of $83.5 per coin. If the re-deposited coins are sold in the next five days, it is estimated that a profit of $1.08 million could be made.