One of the biggest YouTube channels in the industry, Discover Crypto, just released a new video that’s catching the attention of both retail and institutional investors. In it, the host shares a surprising move by a NASDAQ-listed firm diving into crypto.
That company is Lion Group Holding, and they’re not buying Ethereum, Cardano, or XRP. Instead, they’ve chosen to invest in an altcoin that’s flying under most radars – HYPE, the token of the Hyperliquid protocol.
Lion Group has already bought $2 million worth of HYPE tokens. But this is just the start of a much larger plan involving up to $600 million in crypto investments.
According to their strategy, at least 75% of the $600 million raised through debt will go toward building a crypto treasury. Alongside HYPE, the company will also acquire Solana and SUI.
HYPE’s inclusion is the most surprising, and perhaps the most interesting. It’s a newer token but is already gaining serious traction thanks to strong fundamentals.
Hyperliquid is a decentralized exchange built on its own custom layer-1 blockchain. It was created by Jeff Yan, a Harvard graduate and former Wall Street quant, with no outside VC funding.
The platform has no incentives for market makers and focuses entirely on user performance and speed. It was designed by traders, for traders, and it shows in the numbers.
According to DeFiLlama, Hyperliquid generates over $1 million in daily revenue. Over a 30-day span, it has averaged more than $2 million per day – outperforming many larger chains.
That level of consistent revenue is rare, especially for a DeFi protocol. It’s likely what caught the attention of Lion Group’s analysts.
The video also highlights Jeff Yan’s backstory, which is fascinating in its own right. He was a Physics Olympiad medalist for Team USA before earning degrees in mathematics and computer science at Harvard.
After a failed DeFi venture years ago, he returned stronger, launching Chameleon Trading and eventually Hyperliquid. His vision was shaped by the FTX collapse, which exposed the flaws in both centralized and decentralized finance.
Hyperliquid is his answer to that – fast, robust, and built from the ground up. The platform didn’t even release a token until it had actual usage and infrastructure in place.
Now that Wall Street money is flowing in, HYPE is no longer just a speculative asset. It’s being viewed as a serious, revenue-generating protocol with long-term potential.
The fact that Lion Group passed on Ethereum and Cardano in favor of HYPE says a lot. It reflects a growing trend where performance and utility are valued over legacy names.
Of course, this is still crypto – risks remain high. But HYPE is officially on the map, and that’s a big milestone for the Hyperliquid ecosystem.
Let’s see if this underdog altcoin can keep climbing while the big names look over their shoulders.
Read also: Here’s the XRP If It Becomes the Bridge Currency for Global CBDCs
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Wall Street’s New Crypto Darling Isn’t Cardano or Ethereum, But This Altcoin… appeared first on CaptainAltcoin.
