Paradigm Named Largest HYPE Holder With 19.1M Tokens Across 19 Wallets

• On-chain data shows Paradigm holds 19.14M HYPE, or 1.91% of total supply and 5.73% of HYPE in circulation
• The HYPE position is split across 19 addresses and includes 14.7M HYPE staked and 3M HYPE sent to HyperEVM tied to Sonnet
• Analysts see Paradigm’s size as supportive for liquidity, but also as a concentration that could pressure HYPE if sold too fast

Paradigm, the institutional liquidity network for crypto derivatives, is being identified on-chain as the single largest holder of HYPE, the token that powers the Hyperliquid ecosystem. 

An X user tracking Hyperliquid wallets says Paradigm controls 19,141,655 HYPE worth about $763 million, placing the firm ahead of other known holders. The holding shows that a major market player is positioning inside HYPE at size, which usually helps liquidity and confidence. This insight is from independent chain research and no…

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