Lion Group Holding Replaces Solana and Sui Holdings with Hyperliquid HYPE

Lion Group Holding Ltd. (NASDAQ: LGHL) is shifting its crypto treasury strategy by reducing holdings of Solana and Sui in favor of Hyperliquid (HYPE). The company plans to implement a phased accumulation strategy rather than executing a large trade, which aims to manage volatility and improve average entry prices.

Key details include:

LGHL intends to anchor its $600 million treasury in HYPE as its primary digital reserve asset.
Hyperliquid commands 70% of the decentralized perpetual futures market, with $383 billion in trading volume recorded in August.
The platform generated $106 million in revenue for August, a 23% increase from July, and has a total value locked (TVL) of $1.75 billion.
BitGo's institutional custody services for HYPE now offer secure storage for corporate investors.
LGHL’s CEO highlighted Hyperliquid’s efficient trading infrastructure as a significant opportunity in DeFi.
Other Nasdaq-listed firms are also reallocating towards HYPE, indicating a broader trend in corporate treasury strategies.

On September 8, HYPE reached an all-time high of $51.50, reflecting a 450% rise since April. Analysts suggest $52 is the next breakout level that could drive further momentum. While LGHL reallocates, SOL is trading around $214, with forecasts aiming for $300, and SUI has recovered to $3.48.

Institutional interest continues to grow, with projections suggesting HYPE could significantly increase in value by 2028.