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Institutional demand for $HYPE is accelerating faster than you think.
Sonnet BioTherapeutics is merging with Rorschach to form Hyperliquid Strategies Inc ($HSI), a public crypto treasury company on Nasdaq.
More details:
🔹 Holding 12.6 million $HYPE (1.26% of total supply) worth $583 million.
🔹 $305 million cash ready to buy more $HYPE
🔹 US investors unable to buy $HYPE can now gain exposure via HSI
🔹 Rebranding to a new ticker and symbol on Nasdaq (HSI)
🔹 Investor backing by Paradigm, Galaxy, Pantera, D1, Republic, 683 Capital
I said I expected more TradFi players to follow and that's exactly what's happening, and there will now be two tickers on Nasdaq tied directly to $HYPE.
Nearly a whole yard... fully grasp that. This is the MSTR of $HYPE.


1.7.2025
I missed this the other day. Eyenovia, a Nasdaq-listed eye tech company, bought 1.3M+ $HYPE tokens at an average price of $34.83/token.
Here’s what’s wild:
• First public U.S. company to build a crypto treasury with $HYPE
• First public company to run a Hyperliquid validator
• Rebranding to Hyperion DeFi ($HYPD)
Instead of stacking $BTC like other companies, they went fully onchain and made a massive bet on $HYPE.
This just shows how big $HYPE is becoming, and I expect more TradFi players to eventually follow when they discover productive crypto assets.
Funny enough, their stock is actually up 130% since they first announced their $HYPE buys 😂

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