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Analysis: Paradigm may hold approximately 19.13 million HYPE, worth about $765.4 million.
Odaily News Analysts MLM (@mlmabc) disclosed that Paradigm may hold 19,134,900.46 HYPE, valued at approximately $765.4 million; the estimated average price is $16.46, with a total cost of about $315 million, resulting in unrealized gains of approximately $450 million. Although Paradigm has never publicly disclosed an address, MLM believes that Paradigm initially purchased HYPE through FalconX, and then bought HYPE again through Wintermute after November, marking these wallets that may belong to Paradigm through large HYPE withdrawals via FalconX and other behaviors related to time and structure.