HYPE’d Up? Analyst Claims Paradigm Holds $765 Million Worth of Hyperliquid Tokens

This success is attributed to its optimized DEX model, , signaling a major shift in how DEXs compete with CEX giants. However, short-term growth does not guarantee long-term sustainability, which still requires validation across multiple market cycles.

Paradigm may be betting on Hyperliquid as a next-generation DEX capable of competing directly with traditional CEXs. However, the concentration of token ownership and unclear technical signals make HYPEs current trajectory unpredictable.

Additionally, the rapid growth caused Hyperliquid to experience a brief outage on its user interface, leaving users unable to place, close, or withdraw orders. The good news is that the platform later announced refunds for affected users.

At the time of writing, HYPE is trading at $38.40, 23% below its ATH in July.

BeInCrypto has reached out to Paradigm for their statement, but we are yet to hear back.

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