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Altcoins

Investment Giant Paradigm Allegedly Has a Whopping $765 Million Investment in This Altcoin

By admin
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Investment Giant Paradigm Allegedly Has a Whopping $765 Million Investment in This Altcoin

Cryptocurrency investment giant Paradigm may allegedly hold approximately $765.4 million worth of HYPE tokens.

According to Onchain data, wallets believed to belong to Paradigm hold a total of 19,134,900.46 HYPE. These assets, with an average purchase price of $16.46, are estimated to have cost approximately $315 million and are currently generating approximately $450 million in profit.

While Paradigm hasn’t officially shared any wallet addresses, on-chain analysis account mlmabc notes that the investor made his initial purchases through FalconX and continued his purchases through Wintermute starting in November. The timing and nature of the large HYPE withdrawals from FalconX wallets has reinforced suspicions that these addresses may belong to Paradigm.

At the time of writing, HYPE is trading at $38.05, 23% off its all-time high. The token is down 12% in the past week.

*This is not investment advice.

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