Eyenovia "go big": Raises 50 million USD to buy HYPE, stock surges 135%

The Nasdaq-listed healthcare company – #Eyenovia (EYEN) – has surprised investors by announcing plans to purchase and stake 1 million HYPE tokens from the DeFi Hyperliquid ecosystem. This move is accompanied by a fundraising package of 50 million USD from accredited investors through preferred stock and warrants.

If all warrants and stocks are converted, Eyenovia could raise up to 150 million USD. Part of the capital will be used to become a major validator in the Hyperliquid network and to partner with Anchorage Digital to implement staking program $HYPE .

Immediately following the news, EYEN stock skyrocketed by 135% on June 17th, reflecting high expectations from the market. Concurrently, the company announced it would change its name to Hyperion DeFi, with the stock code changing to HYPD, but will continue to develop existing healthcare products.

It is known that HYPE currently ranks among the top 12 largest digital assets, with a price increase of over 380% in the past two months. However, the crypto market's reaction has been cautious: HYPE's price dropped nearly 5% in 24 hours, with the risk of testing support around 30.5 USD if the downtrend continues.

Crypto investment carries significant risks and volatility. Investors need to be cautious and thoroughly evaluate before participating.