Solana News Today: Lion Group Bets Big on HYPE as DeFi’s Next Game-Changer

Lion Group Holding, a Nasdaq-listed trading platform, has announced a strategic reallocation of its cryptocurrency treasury, swapping its holdings of Solana (SOL) and Sui (SUI) for Hyperliquid’s native token HYPE. The company said in a statement that it plans to execute the exchange of these tokens gradually, aiming to lower the average acquisition cost of HYPE by leveraging market volatility and securing the token at optimal prices [2]. The shift is part of a broader effort to enhance portfolio efficiency and capitalize on what the firm views as Hyperliquid’s potential for sustained growth.

According to recent data, HYPE has surged in value, reaching a new all-time high of $51.84 on Monday, as reported by CoinGecko [2]. This rise in HYPE’s value has been accompanied by a significant increase in its trading volume, with the token experiencing a 218.90% increase in 24-hour trading volume to over $652 million [1]. CoinGecko also noted that the market capitalization of Hyperliquid stands at BTC124,551.4247, ranking it at number 16 on the platform [1]. The token’s fully diluted valuation (FDV) is currently estimated at BTC459,908.8544, assuming the full supply of 1 billion HYPE tokens is in circulation [1].

Lion Group’s decision to pivot toward HYPE is also influenced by the recent launch of institutional custody solutions for the token in the United States by crypto custodian BitGo [2]. The firm’s current treasury includes a substantial holding of Solana tokens—approximately 6,629 SOL, valued at over $1.4 million—positioning it as the sixth-largest SOL treasury holder according to CoinGecko [2]. Additionally, Lion Group holds over one million SUI tokens, valued at $3.5 million [2]. If Lion Group sells all its SOL and SUI at current prices, it could acquire more than 96,000 additional HYPE tokens, further expanding its stake in the Hyperliquid blockchain [2].

The company’s CEO, Wilson Wang, highlighted the strategic significance of the shift, stating that Hyperliquid offers a compelling opportunity in decentralized finance (DeFi) due to its on-chain order book and high-performance trading infrastructure [2]. The stock price of Lion Group has responded positively to the news, with shares rising over 11% in the latest session and continuing to climb by an additional 10% in after-hours trading [2].

Lion Group is not the only entity acquiring HYPE. In July, Hyperliquid Strategies announced plans to buy and hold 12.6 million HYPE tokens, while U.S.-based biotech firm Hyperion DeFi has acquired over 1.5 million tokens since June [2]. These moves reflect growing institutional interest in Hyperliquid’s native token and highlight the platform’s expanding role in the DeFi ecosystem [2].

Source: [1] Hyperliquid Price: HYPE Live Price Chart, Market Cap & ... (https://www.coingecko.com/en/coins/hyperliquid) [2] Lion Group Shifts to HYPE as Token Hits New All-Time High (https://cointelegraph.com/news/lion-group-buys-hype-token-sells-solana-sui)