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Paradigm unstakes $171 million in HYPE, possibly transferring to institutional custody

this morning, two addresses suspected to be associated with Paradigm unstaked 2.92 million HYPE (approximately $171 million).Former Ethereum core developer and angel investor Eric Conner commented on this, saying: "Everyone assumes this is a sell-off, but it's more likely that this is for ETF seeding. Custodians require tokens to be liquid, and staked HYPE cannot be used. Back in April, they also unstaked $88 million worth of tokens, and on the same day, Grayscale updated its S-1 filing and switched its custodian to Anchorage."

Paradigm 关联钱包质押 100 万枚 HYPE,价值约 6675 万美元

据链上分析师 Onchain Lens(@OnchainLens)监测,2 个与加密风投机构 Paradigm(@paradigm)关联的钱包合计质押 100 万枚 HYPE,当前价值约 6,675 万美元。

A Paradigm Capital-associated address likely transferred 11,600 ETH to FalconX, worth approximately $27.29 million

According to Lookonchain monitoring, four wallets suspected to be associated with Paradigm Capital transferred 11,615 ETH, worth approximately $27.29 million, to FalconX about 3 hours ago.

Paradigm Capital Deposits 2,436 ETH into Coinbase Prime, Likely Reducing Its Position

According to on-chain analyst Onchain Lens (@OnchainLens), Paradigm Capital deposited 2,436 ETH—worth approximately $5.75 million—into Coinbase Prime over the past two hours.