MLM monitoring detected the transfers over the past two days, indicating a large on-chain movement involving HYPE and Coinbase Prime (Coinbase’s institutional brokerage platform).
Paradigm transferred 2.14 million HYPE tokens valued at $86 million to Coinbase Prime (Coinbase’s institutional brokerage platform) over the past two days, according to MLM monitoring. The reported movement points to a sizable token transfer by a major crypto investment firm. Large transfers to institutional platforms are commonly watched by traders because they can signal custody changes, portfolio management, or preparation for trading, although the source does not state the purpose of this transaction.