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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.

ChainCatcher News, Matrixport has released its latest research chart indicating that although the total market capitalization of crypto assets has risen from $2.4 trillion to $3.7 trillion over the past 12 months, market trading volume has shrunk from $352 billion to $178 billion, a decrease of about 50%. This suggests a structural cooling of the market and relatively scarce liquidity. The report believes that the contraction in trading volume reflects a decline in market participation and weakening momentum, serving as a potential cautionary signal. On-chain data also shows that bitcoin may have entered a phase of bear market. Although long-term catalysts remain, short-term momentum is insufficient to support sustained price increases. In a low-liquidity environment, exchange pressure is rising, and market activity and trading revenue may continue to face downward pressure.