Paradigm transferred 2.14 million HYPE to Coinbase in the past two days, worth approximately 86 million dollars

According to MLM monitoring, Paradigm has transferred all 2.14 million HYPE to the Coinbase Prime address in the past two days, with a total value of approximately 86 million dollars based on current prices. This large transfer has attracted market attention, as institutional funds moving to Coinbase Prime may be related to custody, market making, over-the-counter trading, or potential sale arrangements, but the specific use has not yet been disclosed.