Lion Group Bets Big on HYPE, Dumps Solana and SUI Holdings

Nasdaq-listed trading platform Lion Group Holding has announced a strategic shift in its cryptocurrency treasury, allocating its holdings in Solana (SOL) and SUI (SUI) toward Hyperliquid’s native token, HYPE. This move coincides with HYPE reaching an all-time high of $51.84, according to CoinGecko, as the firm seeks to capitalize on the token’s growing institutional appeal and potential for sustained adoption.

Lion Group’s decision is part of a broader strategy to reallocate its crypto assets through a disciplined accumulation process. The company plans to gradually sell its holdings in Solana and SUI to purchase HYPE, aiming to lower the average cost of acquisition amid market volatility. This approach is intended to enhance portfolio efficiency and position the firm for long-term value creation. Lion Group’s CEO, Wilson Wang, emphasized that Hyperliquid’s on-chain order book model and efficient trading infrastructure make it one of the most compelling opportunities in decentralized finance.

According to the company’s disclosures, Lion Group holds approximately 6,629 Solana tokens and over one million SUI tokens, valued at $1.4 million and $3.5 million, respectively. If these assets were liquidated at current prices, they could be converted into more than 96,000 additional HYPE tokens, increasing the firm’s current holdings to over 128,000 HYPE. The move is also linked to the recent launch of institutional custody solutions for HYPE by BitGo in the United States, which the firm sees as a critical step toward broader adoption of the token.

The decision is not isolated, as several other firms have also expressed interest in HYPE. In July, Hyperliquid Strategies announced plans to acquire 12.6 million HYPE tokens, while US-based biotech firm Hyperion DeFi, previously Eyenovia, has already acquired over 1.5 million tokens. These developments signal a growing institutional interest in Hyperliquid, driven by its performance and unique infrastructure.

Market data further supports the token’s upward trajectory. HYPE has surged by more than 1,507% since hitting a low of $3.20 nine months ago. In the last 24 hours, the token recorded a trading volume of $652.82 million, reflecting a 218.90% increase from the previous day. With a market capitalization of $10.77 billion and a fully diluted valuation of $459.91 million, HYPE ranks as the 11th largest cryptocurrency, surpassing Chainlink in market value.

Lion Group’s stock price has also responded positively to the news, with shares rising over 11% in the latest session and gaining an additional 10% in after-hours trading. The firm’s strategic alignment with HYPE is seen as a forward-looking move, particularly as it continues to explore further opportunities in the crypto sector and update stakeholders on its progress.

Hyperliquid, the blockchain platform behind HYPE, has positioned itself as a high-performance Layer 1 protocol optimized for decentralized financial applications. Its custom consensus algorithm, HyperBFT, enables rapid transaction finality and supports over 100,000 orders per second. The platform’s flagship application, Hyperliquid DEX, offers a fully on-chain perpetual futures exchange, further distinguishing it in the crowded DeFi space.

As the token continues to attract institutional attention and achieves record price levels, market participants are closely monitoring its ability to sustain momentum. With a growing number of firms entering the HYPE market and a favorable macroeconomic environment, the token’s trajectory appears to be on a parabolic path—though the presence of a significant supply overhang remains a key risk to watch in the near term.

Source:

[1] Lion Group Shifts to HYPE as Token Hits New All-Time High (https://cointelegraph.com/news/lion-group-buys-hype-token-sells-solana-sui)

[2] HYPE Breaks All-Time High as Lion Group Dumps Solana ... (https://thecryptobasic.com/2025/09/08/hype-breaks-all-time-high-as-lion-group-dumps-solana-and-sui-for-hyperliquid)

[3] Hyperliquid Price: HYPE Live Price Chart, Market Cap & ... (https://www.coingecko.com/en/coins/hyperliquid)

[4] Hyperliquid Price (HYPE), Market Cap, Price Today & ... (https://blockworks.co/price/hype)