Nasdaq-listed Lion Group Holding announced the completion of its swap of SUI tokens for HYPE, coinciding with growing interest in the Hyperliquid platform.
Lion Group Completes SUI to HYPE Swap
In a press release on September 11, Lion Group Holding disclosed the completion of a strategic transaction to swap all its SUI holdings for HYPE through BitGo Trust Company. This decision is part of the company's plan to contribute to the long-term growth of Hyperliquid and participate directly in the platform's ecosystem.
HYPE Price Sees Significant Increase
The price of HYPE increased by 22% over the past week, reaching $55. Trading volume also rose by 56% in the last 24 hours, indicating growing interest from buyers. Investors are anticipating VanEck's application for a HYPE ETF in both the U.S. and Europe.
Lion Group Stock Experiences Decline
Lion Group's stock fell by 6% to $1.879. Despite the drop in stock prices, the company aims to capitalize on the rising interest in the HYPE token and the Hyperliquid platform. Stocks have lost about 80% of their value year-to-date.
The swap of SUI assets for HYPE highlights Lion Group Holding's ambition to develop its strategy amidst growing interest in Hyperliquid. HYPE's price continues to show an upward trend, which may positively impact the company's future.
