HYPE falls below $60 as Paradigm and Multicoin unstake $291 million

AI Summary Two of the largest venture capitalists for cryptocurrencies have unstaked Hyperliquid’s HYPE token, worth around $291 million, within a couple of days of each other, causing the price for HYPE to drop below $60 as traders look at a new wave of selling. According to on-chain tracker Onchain Lens, the bigger shift happened when Paradigm... fulltext: 339 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/hype-falls-below-60-vcs-unstake-291m/ Source: CryptoPolitan