Paradigm Stakes $581M HYPE, Moves $119M to Hyperevm
Venture firm Paradigm staked 14.7 million HYPE tokens (worth $581 million) and transferred 3.02 million HYPE ($119 million) to the Hyperevm network. Hyperevm then routed these tokens to a newly created wallet, likely tied to the Sonnet platform. Most HYPE was delegated to an Anchorage by Figment validator, while 1.41 million HYPE ($55.9 million) remains unstaked in Paradigm’s spot balance. This large-scale staking pushed the supply-weighted P/E ratio (SWPE) of HYPE to a historic low of 1.90, underscoring reduced circulating supply and signaling strong institutional confidence.
Bullish
Paradigm’s massive HYPE staking and token transfer represent a clear signal of institutional confidence. Locking up $581 million in HYPE reduces circulating supply, which can tighten float and support upward price pressure. The historic low SWPE ratio of 1.90 indicates undervaluation by this metric, which often precedes bullish rallies when supply is constrained. Similar large-scale stake commitments by major investors in other tokens have historically led to positive price momentum in both the short and medium term. Overall, this move is likely to boost market sentiment and underpin HYPE’s price trajectory.