Paradigm Unstakes $171M HYPE as MakerDAO Founder Swaps MKR

Paradigm moves $171M HYPE to custody while a MakerDAO early investor swaps 1050 MKR for USDC, signaling potential institutional shifts and early holder exits.

Woofun AI reports that Paradigm unstaked $171 million worth of HYPE tokens, with on-chain data suggesting a transfer to institutional custody.

Concurrently, an address linked to the initial MakerDAO team or investors swapped 1050 MKR for 1.316 million USDC after holding the assets for ten years.

In the NFT sector, Machi Big Brother sold Bored Ape 6801 after a three-year hold that resulted in a loss of 14.89 ETH, reportedly to fund long positions.

Meanwhile, Vlad Tenev confirmed regaining access to his account and is awaiting an explanation from the X team regarding the incident.