According to CoinMeta, as monitored by on-chain analyst mlm, paradigm has released approximately 2.55 million HYPE tokens over the past two days through 15 wallets, worth about $224 million. This amount represents 17.85% of the approximately 14.26 million HYPE tokens currently held in hypercore by paradigm. mlm noted that paradigm carried out a similar large-scale release of pledged tokens several weeks ago, subsequently gathering the tokens into a new wallet and re-pledging them. Therefore, it is expected that the same approach may be taken this time as well.