Did Nasdaq just go all-in with its treasury into $HYPE ?
Lion Group (Nasdaq: LGHL) just released an announcement: on September 29, it cleared all SOL, sold part of its BTC, and acquired about 38,102 units of $HYPE . Its position was rolled into roughly 232,900 units, valued at about $20.1 million. Not a single original HYPE was sold.
Binance perpetuals are trading at around $85.9, down about 1.4% over 24h, yet trading volume still got smashed with roughly $662 million worth of U and nearly 1.98 million transactions, with holdings of about 4.64 million coins. The sell-pressure from unlocks has just eased, and listed companies are still adding—this looks more like a bet on Hyperliquid’s fundamentals, or a small-cap treasury cashing in on the hype?
What do you think about the unusual price action this time around $HYPE ? Feel free to leave a comment and chat.
Lion Group (Nasdaq: LGHL) just released an announcement: on September 29, it cleared all SOL, sold part of its BTC, and acquired about 38,102 units of $HYPE . Its position was rolled into roughly 232,900 units, valued at about $20.1 million. Not a single original HYPE was sold.
Binance perpetuals are trading at around $85.9, down about 1.4% over 24h, yet trading volume still got smashed with roughly $662 million worth of U and nearly 1.98 million transactions, with holdings of about 4.64 million coins. The sell-pressure from unlocks has just eased, and listed companies are still adding—this looks more like a bet on Hyperliquid’s fundamentals, or a small-cap treasury cashing in on the hype?
What do you think about the unusual price action this time around $HYPE ? Feel free to leave a comment and chat.
