Data: Paradigm stakes 14.7 million HYPE tokens worth $581 million

According to ChainCatcher, Paradigm staked 14.7 million HYPE tokens several hours ago, valued at approximately $581 million. At the same time, the institution transferred 3,020,000 HYPE (worth $119 million) to Hyperevm, after which these tokens were moved to a newly created wallet, suspected to belong to Sonnet.

The majority of the staked HYPE tokens were delegated to the Anchorage by Figment node, but some tokens have not yet been staked in the staking balance. Currently, Paradigm holds 1,410,000 unstaked HYPE tokens in its spot balance, valued at about $55.9 million.