Paradigm pledged 14.7 million HYPE tokens a few hours ago, worth approximately $581 million. At the same time, the institution transferred 3,020,000 HYPE tokens (worth $119 million) to Hyperevm, and then these tokens were transferred to a newly created wallet, suspected to belong to Sonnet.

Most of the pledged HYPE tokens were entrusted to the AnchoragebyFigment node, but there are still some tokens that have not been pledged in the pledge balance. Currently, Paradigm holds 1,410,000 unpledged HYPE tokens in the spot balance, worth approximately $55.9 million.