HYPE falls below the $60 mark, with a16z seemingly liquidating over $30 million worth of the token.

2026.07.17 09:56:24

According to HTX market data, HYPE has fallen below the $60 mark, recording a 10.4% drop in the past 24 hours. On the news front, a16z is suspected of liquidating its position. An address linked to a16z withdrew 471,500 HYPE tokens from Hyperliquid over the past day, valued at roughly $30.57 million, before transferring the assets to multiple trading platforms.

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