Hyperliquid (HYPE) Hits New High As Nasdaq Firm Shifts Millions Into the Token

Lion Group Holding Ltd. (NASDAQ: LGHL), a Singapore-based trading platform operator, has announced a bold shift in its crypto treasury ￰0￱ company is phasing out its holdings of 6,629 Solana (SOL) and roughly 1 million Sui (SUI) in favor of Hyperliquid (HYPE). Related Reading: Bitcoin Could Hit $150K By Christmas, Analysts Tell Michael Saylor Rather than executing a single large trade, LGHL is adopting a phased accumulation plan designed to manage volatility and secure a better average entry ￰1￱ decision comes shortly after LGHL revealed plans to anchor its $600 million treasury in Hyperliquid, positioning HYPE as its primary digital reserve ￰2￱ move aligns with growing institutional interest, as firms seek to diversify into next-generation DeFi tokens with strong revenue growth and trading adoption.

HYPE's price trends to the upside on the daily chart.) has rapidly established itself as a leader in decentralized perpetual futures trading, now commanding 70% of the DeFi perps ￰3￱ August alone, the platform recorded $383 billion in trading volume, generating a record $106 million in revenue, up 23% from ￰4￱ total value locked (TVL) has surged to $1.75 billion, placing it among the top decentralized exchanges ￰5￱ catalyst for LGHL’s shift is the recent launch of BitGo’s institutional custody services for HYPE in the U. S., offering secure and compliant storage for corporate ￰6￱ Wilson Wang described Hyperliquid’s on-chain order book and efficient trading infrastructure as the “most compelling opportunity in decentralized finance.” The pivot reflects a growing trend among Nasdaq-listed firms.

Eyenovia, Sonnet BioTherapeutics, and Tony G Co-Investment Holdings have all disclosed significant HYPE allocations, signaling a shift in corporate treasury strategies toward DeFi-native ￰7￱ Price Surges to All-Time Highs Following these institutional moves, Hyperliquid’s HYPE token has continued its meteoric ￰8￱ September 8, HYPE hit a new all-time high of $51.50, marking a 450% surge since ￰9￱ now point to $52 as the next key breakout level, which could trigger further upside momentum if ￰10￱ LGHL’s aggressive reallocation, Solana and Sui have shown ￰11￱ the time of writing, SOL trades around $214, with some analysts forecasting a run toward $300, while SUI has recovered modestly to $3.48.

Related Reading: This Bitcoin Cycle Changes Everything, Real Vision Analyst Explains Why The spotlight still remains firmly on ￰12￱ industry leaders like Arthur Hayes projecting that HYPE could surge 126x by 2028, the token is increasingly being viewed as one of the most promising assets in the evolving DeFi ￰13￱ image from ChatGPT, HYPEUSD chart from Tradingview