Lion Group Holdings, listed on Nasdaq, has reported the acquisition of $2 million in Hyperliquid tokens. CEO Wilson Wang has referred to HYPE as a ‘core infrastructure’ for DeFi and capital markets.
Acquisition of Hyperliquid Tokens
Lion Group Holdings bought Hyperliquid tokens at an average price of $37.30 each. At the time of purchase, the token was trading at $37.07, reflecting a monthly increase of 3.50% and a year-to-date rise of 53.85%.
Future Plans and Asset Management Strategy
The company plans to utilize funds from an initial $11 million of a $600 million credit facility from ATW Partners for further investments. Lion Group intends to allocate at least 75% of net proceeds from future closings to purchase more HYPE tokens, Solana, and Sui. Other notable holders of Hyperliquid tokens include HYLQ Strategy Corp and Eyenovia Inc.
Performance Overview of Hyperliquid Tokens
Currently, the HYPE token shows a total volume of over $1.77 trillion. The total value locked on the platform is $535.84 million, with annualized fees of $830.3 million. There are also reports of high liquidity levels and trading volumes across various platforms.
Thus, Lion Group Holdings is actively investing in Hyperliquid tokens and other crypto assets, highlighting their strategic approach to development in the DeFi and capital markets sector.
