According to Wu Blockchain, monitored by Mlm onchain, a major HYPE holder has staked approximately 2.785 million HYPE (worth around $164 million) across 20 wallets in the past 11 hours. This group of addresses accumulated about 2.94 million HYPE between September and October last year and has now staked approximately 94.7% of it. Analysts speculate that these wallets might belong to a16z, but this attribution has not yet been confirmed.