Odaily reported that Paradigm unstaked 2.55 million HYPE over the past two days through 15 different wallets, with the tokens valued at about $224 million. The amount accounts for 17.85% of the firm’s current 14.26 million HYPE staked on Hypercore, a position worth roughly $1.26 billion. A monitoring source said Paradigm had also carried out a large HYPE unstaking several weeks ago, then consolidated the tokens into a new wallet and staked them again. Based on that earlier pattern, the source expects a similar move may follow this time. Even so, the specific plan for the newly unstaked tokens has not been confirmed. The report did not provide further details on the destination or timing of any next transaction.
According to Odaily, Paradigm unstaked 2.55 million HYPE over the past two days through 15 different wallets, with the tokens valued at about $224 million.
That amount represents 17.85% of its current 14.26 million HYPE staked on Hypercore, a position worth about $1.26 billion.
A monitoring source said Paradigm had also unstaked a large amount of HYPE several weeks ago, before moving the tokens into a new wallet and staking them again. Based on that earlier activity, the source said a similar arrangement may be used this time.
For now, the specific plan for the unstaked tokens remains unconfirmed.
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