Paradigm reportedly requested the unstaking of about 1 million HYPE tokens through four addresses on September 24, valued at roughly $94 million when the requests were made. Large unstaking requests are often viewed as a potential sell signal, but it has not been confirmed that Paradigm sold the tokens. An earlier record identified five addresses unstaking 983,600 HYPE worth about $90.44 million; the tokens entered Hyperliquid’s mandatory seven-day withdrawal period and could not be sold or transferred during that window.