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Paradigm Holds $763 Million in HYPE Tokens Across Multiple Addresses

Paradigm Holds $763 Million in HYPE Tokens Across Multiple Addresses

Paradigm’s latest movements in HYPE include major staking activity and Hyperevm transfers linked to Sonnet, pushing the SWPE ratio to its lowest level on record.

HYPE

Summary

Paradigm staked 14.7 million HYPE worth $581 million and moved 3.02 million HYPE valued at $119 million to Hyperevm, later sending them to a wallet likely associated with Sonnet. Most of Paradigm’s staked assets were delegated to Anchorage by Figment, with remaining holdings in spot accounts. These actions reduced the HYPE token’s SWPE ratio to a historic low of 1.90, indicating significant changes in token allocation and liquidity.

Terms & Concepts
  • HYPE Token: A specific cryptocurrency whose ownership details show distribution and supply metrics.
  • SWPE Ratio: A metric indicating the proportion of staked to wrapped or pooled tokens, used to assess token liquidity and staking levels.
  • Hyperevm: An Ethereum Virtual Machine-compatible network within the HYPE ecosystem that supports decentralized execution and token transfers.