Paradigm has reportedly unstaked 2.55 million $HYPE , worth approximately $224 million, across 15 wallets over the past two days.
According to on-chain monitoring by MLM, this represents 17.85% of Paradigm's remaining 14.26 million staked $HYPE , valued at roughly $1.26 billion on HyperCore.
But there is an important detail that shouldn't be overlooked.
Several weeks ago, Paradigm carried out a similar operation, moving a substantial amount of $HYPE into new wallets before staking the tokens again.
This could be another wallet restructuring rather than preparation for a major sell-off.
In my view, unstaking alone is not evidence of selling. The real signal will come from where these tokens move next.
For now, the situation deserves attention, but not unnecessary panic.
#Hyperliquid #hype #Crypto
According to on-chain monitoring by MLM, this represents 17.85% of Paradigm's remaining 14.26 million staked $HYPE , valued at roughly $1.26 billion on HyperCore.
But there is an important detail that shouldn't be overlooked.
Several weeks ago, Paradigm carried out a similar operation, moving a substantial amount of $HYPE into new wallets before staking the tokens again.
This could be another wallet restructuring rather than preparation for a major sell-off.
In my view, unstaking alone is not evidence of selling. The real signal will come from where these tokens move next.
For now, the situation deserves attention, but not unnecessary panic.
#Hyperliquid #hype #Crypto
