Address suspected to be a16z withdrew 471,500 Hyperliquid native tokens (worth $30.57 million) in a day and deposited them into multiple exchanges

Odaily reports, according to on-chain analyst Ember monitoring, an address suspected to be a16z (0x867...E6D) withdrew 471,500 Hyperliquid native tokens, worth $30.57 million, from Hyperliquid over the past day, and subsequently deposited them into exchanges including OKX, Bybit, and Gate.