HYPE Token News
Nasdaq-listed Lion Group Holding is converting its entire $SOL and $SUI treasury into Hyperliquid tokens following the token’s institutional custody launch.
The trading platform announced plans to exchange its complete Solana and Sui holdings for HYPE tokens through a disciplined accumulation strategy. The Singapore-based platform aims to capitalize on market volatility while building optimal entry positions.
CEO Wilson Wang stated the shift would enhance portfolio efficiency and position the company for sustained growth. The move coincides with BitGo's launch of institutional HYPE custody solutions in the United States, providing enterprise-grade storage infrastructure.
HYPE reached a new all-time high of $51.84 on Monday following the announcement. The token has demonstrated strong momentum as institutional interest grows in the Hyperliquid blockchain ecosystem.
Lion Group secured a $600 million facility from ATW Partners in June to fund its crypto treasury operations. The company initially focused on HYPE and selected altcoins, citing $SOL's dominance in consumer applications and SUI's backing from World Liberty Financial
Current holdings include 6,629 $SOL tokens worth over $1.4 million, ranking sixth among corporate Solana treasuries. The firm also maintains over one million $SUI tokens valued at approximately $3.5 million according to market data.
Converting both positions at current prices would generate over 96,000 additional HYPE tokens. This would supplement Lion Group's existing holdings of more than 128,000 HYPE, significantly expanding their Hyperliquid exposure.
Wang emphasized the platform's compelling DeFi opportunity through its on-chain order book and efficient trading infrastructure. The executive believes Hyperliquid represents superior long-term value compared to other blockchain platforms.
Lion Group stock surged over 11% during regular trading, continuing gains of another 10% in after-hours sessions to $1.65. The positive market reaction reflects investor confidence in the company's focused crypto strategy.
