Paradigm stakes $581M in HYPE

Crypto investment firm Paradigm has staked 14.7 million HYPE, valued at $581 million, according to on-chain analyst MLM. The analyst noted on X that of this total, 3.02 million HYPE ($120 million) was transferred to HyperEVM. The majority of the staked volume has been delegated to the Anchorage node of staking infrastructure provider Figment. Paradigm currently holds 1.41 million HYPE ($55.9 million) in its wallet.