Paradigm unstaked 2.55 million HYPE through 15 wallets over the past two days, with the tokens valued at about $224 million at the time. The amount represents 17.85% of Paradigm’s current 14.26 million HYPE stake in Hypercore, valued at approximately $1.26 billion. On-chain analyst MLMOnchain said Paradigm had made a large HYPE unstaking several weeks earlier before moving the funds to new wallets and staking them again. MLMOnchain said a similar pattern could emerge after the latest move, although Paradigm’s next steps have not been confirmed.