Odaily Planet Daily News analyst MLM (@mlmabc) disclosed that Paradigm may hold 19,134,900.46 HYPEs, worth approximately US$765.4 million; the estimated average price is US$16.46, the total cost is approximately US$315 million, and the floating profit is approximately US$450 million.

Although Paradigm has never published its address, MLM believes that Paradigm initially purchased HYPE through FalconX, and then purchased HYPE through Wintermute after November. The large-scale HYPE withdrawals through FalconX, as well as the timing and structure of these withdrawals, mark these wallets as possibly belonging to Paradigm.