Darling, gather ’round! The financial world has just witnessed a merger so divine, it’s practically a waltz at the Ritz. Hyperliquid Strategies, the darling of the crypto set, has finally tied the knot with Sonnet BioTherapeutics, creating the most splendid HYPE crypto treasury one could imagine. 🥂✨ The nuptials, proposed in July, have now been consummated, and the new entity shall henceforth be known as “Hyperliquid Strategies.” How utterly chic!
According to the inimitable David Schamis, CEO of Hyperliquid Strategies, this union shall fling open the doors of the Hyperliquid [HYPE] chain and DEX to the public markets. 🌍💸 He declares, with a flourish of his metaphorical monocle:
“Today, my dears, is a watershed moment! U.S. public market investors may now sashay directly into the Hyperliquid ecosystem, all through a highly liquid, publicly traded vehicle. How marvelously convenient!”
Thus far, the grandest digital asset treasuries (DATs) have been rather predictable, darlings-all about Bitcoin [BTC], Ethereum [ETH], and Solana [SOL]. But let’s not forget the nouveau riche of the crypto world: Binance [BNB] and our beloved HYPE, who’ve been turning heads in corporate treasuries. 🌟💼
The DATs and Their Impact on HYPE
Hyperliquid Strategies (HS) and Hyperion DeFi are the toast of the HYPE DAT scene, my loves. HS, the more flamboyant of the two, holds a staggering 16.89 million HYPE, worth a cool $583 million. 🤑 Meanwhile, Hyperion DeFi, the quieter cousin, holds a modest 1.7 million HYPE. And let’s not forget Lion Group Holdings, who’ve joined the party with 194.7K HYPE, bringing the total under DATs to over 6% of the circulating supply. How utterly fabulous!
The latest merger, my darlings, could very well be the result of a $265 million bid for HYPE, as noted by the ever-so-clever on-chain analyst Steven. 🕵️♂️💰
HYPE’s Price: A Drama in Three Acts
Following the Hyperliquid Strategies update, HYPE, the darling of the crypto ball, rallied a delightful 9%, extending its recovery to a whopping 17% before a dramatic price rejection at $35. Oh, the suspense! As of this writing, the price has retreated to $34.4, but should it clear that pesky overhead resistance at $35, the bulls might just waltz their way to $40. 🕺💃
But, my dears, should the drama take a turn, another round of dumping could send it tumbling to $30 or the lower support zone (white) at $25-$27. Oh, the horror! 😱
Fear not, for the Funding Rates for HYPE have been positively radiant for the past six days, suggesting a bullish sentiment in the Futures market. And with a “W” bottom formation on the price charts, the odds for a further recovery to $40 seem positively divine. 🌈📈
In summary, my loves, the DATs could very well be the safety net that caps HYPE’s downside and propels its recovery. Though the price chart and Futures point to a likely extended rally, the bulls must wait for Bitcoin to reclaim $96K before they can clear that pesky $35. 🦬💨
Final Musings
- HYPE has secured a major crypto treasury player, who might just bid an extra $265 million, according to our dear analyst. 🤑💸
- The token leapt by 17% after the update, only to stall at $35, but the Futures market remains positively smitten. 💖📈
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2025-12-03 23:08