Paradigm Unstakes Approximately $224 Million Worth of HYPE Over Two Days, Potentially Restructuring Wallets

on November 02, according to tracking by on-chain analyst MLM, Paradigm unstaked approximately 2.55 million HYPE across 15 wallets over the past two days, valued at roughly $224 million, accounting for 17.85% of its approximately 14.26 million HYPE currently staked on HyperCore. MLM noted that Paradigm had conducted a similar large-scale unstaking operation several weeks ago, subsequently consolidating the tokens into new wallets and restaking them, so it is expected that the same approach will be taken this time.