Investment firm Paradigm has emerged as the largest holder of HYPE tokens, with a total of 19,141,655 tokens, according to MLM analysis. This holding accounts for 1.91% of the total HYPE supply and 5.73% of the circulating supply. The value of these tokens is approximately $763 million. Paradigm has consolidated its HYPE holdings into a new address, confirming its position and related wallet distribution.