Lion Group Holdings, a Nasdaq listed company, has reportedly bought Hyperliquid token $2 million at an average price of $37.30; CEO Wilson Wang calls HYPE “core infrastructure” for DeFi and capital markets. More buys planned in SOL and SUI as part of the new L1 treasury strategy.
As per available information, the purchase was funded by the initial $11 million of $600 million credit facility from ATW Partners. Lion Group intends to allocate at least 75% of net proceeds from future closings to more Hype tokens, Solana, and Sui with Hyperliquid as primary reserve assets.
When writing, the Hyperliquid token was trading at $37.07 with a monthly surge of 3.50% and in the YTD frame, it is up by 53.85%.
Known companies owning the Hyperliquid token
Other than Lion Group Holdings, HYLQ Strategy Corp had around 25,387.785 hype tokens; Eyenovia Inc held 1,040,584.5 Hype tokens.
Yet there are some unconfirmed claims, such as Manifold Trading buying the Hyperliquid token by depositing $30 million USDC; the purchase is reportedly a joint buy between Manifold Trading and Galaxy Digital.
Some people aware of the Hyperliquid token institutional acquisition said that Everything Blockchain is planning to allocate $10 million to buy the Hype token.
Performance overview of the Hyperliquid token and blockchain
Currently, Hyperliquid is trading above its 50,100, and 200-day exponential moving averages but slightly above 20-day EMA; in the past 24 hours, the market capitalization fell roughly 1.00% reaching $12.3 billion, and the trading volume is $279.82 million with a loss of 3.59%.
Source: TradingView
According to Coinanalyze(dot)net, total liquidation in Hype token in the past 24 hours was $875.8k, with $740.2k in long and $135.6k in short.
On Binance, total Hype liquidation was $71.79k short (buy) and $409.97k long (sell), on Bybit, shorts (buy) were $53.74k and longs (sell) $220.01k, and on OKX, shorts (buy) were $10.07k and longs (sell) were $110.23k.
As per data available on stats(dot)hyperliquid(dot)xyz, total users are 513,241, total volume is $1,776,716,110,957, all-time deposit $85,792,836,108, and all-time withdrawal $82,313,460,972.
DefiLlama notes that the total value locked on Hype is $535.84 million, annualized fees of $830.3 million, annualized revenue $772.18 million, and holders’ annualized revenue is $772.18 million.
On the other hand, the TVL of Hyperliquid L1 is $1.765 billion, the stablecoins market capitalization is $3.76 billion, and app revenue (24 hours) $1.63 million.
On Hyperliquid L1, the TVL of HyperLend is $327.87 million, Morpho has a TVL of $226.03 million, and the TVL of Felix is $305.82 million.
