Paradigm stakes 14.7 million HYPE, total value approximately $581 million, HYPE P/E ratio hits new low

Techub News, according to MLM monitoring, Paradigm recently staked 14.7 million HYPE worth approximately $581 million, transferred 3.02 million of them worth approximately $119 million to Hyperevm, and then forwarded them through this platform to a newly created wallet, suspected to be related to Sonnet. Most of the staked HYPE has been delegated to Figment's Anchorage node, with the remaining approximately 1.41 million worth about $55.9 million still in the spot balance and not staked. This move caused HYPE's Supply-Weighted Price/Earnings (SWPE) ratio to drop to a historic low of 1.90.