Singapore-based Lion Group Holding Ltd. (NASDAQ: LGHL) is making a bold bet in crypto markets, announcing it will dump all of its Sui (SUI) and Solana (SOL) holdings in favor of Hyperliquid (HYPE). The firm plans to offload roughly 1 million SUI and 6,600 SOL, converting them gradually into HYPE to reduce acquisition costs and manage volatility.
This follows LGHL’s earlier announcement that it intends to hold $600 million in reserves with HYPE as its primary treasury asset, making this conversion a key step in aligning its balance sheet with that strategy.
Why Hyperliquid? LGHL Reallocates to HYPE as Hyperliquid Captures 70% of DeFi Perpetuals
According to LGHL, the move reflects its strategy to optimize reserves by leveraging Hyperliquid’s high-performance Layer 1 blockchain and its decentralized perpetual futures exchange (perps). Hyperliquid has rapidly become the leader in DeFi perpetuals, capturing 70% market share.
In August 2025, Hyperliquid generated $106 million in revenue, up 23% from July’s $86.6 million, with $383 billion in monthly trading volume. It now ranks sixth among decentralized exchanges (DEXs), with $420 million in daily flows and a $1.75 billion total value locked (TVL).
The reallocation comes shortly after BitGo Trust Company launched institutional custody solutions for HYPE in the U.S., giving corporate investors like LGHL regulated, compliant, and secure storage options.
CEO Wilson Wang said the company will pursue a phased accumulation strategy, converting SUI and SOL holdings into HYPE gradually to lower average acquisition costs and capitalize on market volatility.
Wang highlighted Hyperliquid’s on-chain order book and efficient trading infrastructure as a “compelling opportunity” in the DeFi sector.
The reallocation away from SUI and SOL shows a shift in priorities for LGHL. While both SUI and SOL remain strong ecosystems in their own right, neither commands the level of revenue growth and trading activity that Hyperliquid now delivers.
The move follows a trend of Nasdaq-listed companies adding HYPE to their treasuries. Eyenovia was the first publicly traded U.S. company to commit significant reserves to the token, raising $50 million to acquire more than one million HYPE.
Tony G Co-Investment Holdings disclosed a smaller but notable purchase of 10,387 HYPE worth just over $438,000. Also, Sonnet BioTherapeutics announced a digital asset treasury plan anchored in HYPE, with 12.6 million tokens valued at $583 million, alongside an additional $305 million earmarked for future acquisitions, pushing the total to nearly $888 million.
Despite this momentum, LGHL’s stock dipped 5.60% on the news, as investors weighed the risks of the crypto-heavy strategy.
HYPE Hits $51.50 ATH, Up 450% Since April — Analysts Eye $52 Breakout
HYPE has reached a fresh all-time high, hitting $51.50 after posting a strong 9.21% daily gain, marking a breakout above recent resistance around $48, pushing the token to its highest level yet.
HYPE has now seen an impressive 15.7% in the past week, extending its rally to 18.6% in the past month. Notably, since bottoming out near $9.30 in April, HYPE has staged a remarkable rally of more than 450%.
As HYPE continues to trade above the $44–$46 support level, analysts labeled $52 as the critical level to watch, as a decisive breakout above this resistance could trigger accelerated momentum, paving the way for new highs and extending the token’s bullish rally.
Notably, Arthur Hayes has earlier predicted Hyperliquid’s HYPE to surge 126x by 2028 as $10 trillion in stablecoin adoption reshapes DeFi.
@CryptoHayes says HYPE could surge 126x by 2028 as $10T stablecoin boom is set to reshape finance.#Hyperliquid #Stablecoinhttps://t.co/HhuG7nx0RE
— Cryptonews.com (@cryptonews) August 28, 2025
But the dump of SUI and SOL hasn’t dented those tokens, at least for now. SUI climbed 2% to $3.48, trimming its monthly loss to 12.4%. Solana jumped 5.2% to $214, extending its rally to 7% on the week and 19% on the month, with some analysts forecasting a run to $300 by month-end if bullish momentum continues.
The post Nasdaq Firm Dumps 1M SUI & 6.6k SOL for HYPE – What Do They Know? appeared first on Cryptonews.
