Paradigm pledged 14.7 million HYPE tokens, totaling approximately $581 million.

According to MLM monitoring, Paradigm staked 14.7 million HYPE tokens (approximately $581 million) a few hours ago and transferred 3.02 million tokens (approximately $119 million) to Hyperevm, which then transferred them to a newly created wallet, suspected to be related to Sonnet.

Of these, most of the staked HYPE has been delegated to Figment's Anchorage node, with approximately 1.41 million tokens (about $55.9 million) still remaining in spot accounts. As a result, HYPE's supply-weighted price-to-earnings ratio (SWPE) has fallen to a record low of 1.90.