Recently, Paradigm staked 14.7 million HYPE tokens valued at 581 million USD and transferred 3.02 million HYPE tokens to Hyperevm, which are likely intended for a new wallet for Sonnet.
Most of the staked HYPE tokens have been delegated to Anchorage by Figment nodes, while 1.41 million HYPE tokens remain unstaked, worth 55.9 million USD, negatively impacting pricing.
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