- Lion Group plans to gradually convert its SOL and SUI holdings into HYPE following BitGo’s launch of custody services.
- The decision coincides with HYPE’s rally to $52 and the upcoming USDH stablecoin launch, which could strengthen demand.
Lion Group Holding Ltd., a Nasdaq-listed financial services company, has announced a gradual conversion of its Solana (SOL) and Sui (SUI) holdings into Hyperliquid (HYPE). The move follows BitGo’s rollout of institutional custody solutions for HYPE EVM in the United States, opening the door for larger firms to gain exposure.
According to the company, this reallocation is designed to balance risk, lower entry costs, and strengthen its long-term digital asset position. The announcement arrives at a moment when HYPE is hitting fresh all-time highs, adding momentum to what may be one of the boldest corporate bets on the token so far.
Lion Group Looks to HYPE Accumulation Strategy as Token Rallies Past $52
The company confirmed that it intends to exchange its SOL and SUI holdings for HYPE gradually rather than in one large transaction. This phased approach allows the firm to benefit from market fluctuations while driving down the average acquisition cost.
Lion Group described the plan as part of its broader commitment to steady portfolio management and lasting value creation. The timing is remarkable as HYPE surged by over 7% in the past 24 hours, reaching nearly $52, a milestone that highlights the growing attention around the project.
Hyperliquid’s USDH Stablecoin Could Fuel Even Greater Momentum for HYPE
HYPE’s strong performance is not only tied to speculation but also to the upcoming launch of its native USDH stablecoin. Proposals from issuers such as Paxos and Agora suggest that most or even all of the interest revenue generated from stablecoin reserves could flow directly into HYPE’s ecosystem through buybacks. This model, if implemented, could generate sustained demand for the token. For Lion Group, the combination of BitGo’s custody support and Hyperliquid’s expanding ecosystem creates a compelling reason to shift away from SOL and SUI. The decision marks another sign that institutional players are beginning to view HYPE as a token worth watching closely.
Meanwhile, in August, the crypto space witnessed another smart move from Sui Holdings. The company became one of the largest corporate holders of SUI token treasury after the corporation purchased additional 20 million tokens, taking it to a total of 101 million SUI valued at $341 million.
At the time of writing, HYPE was trading at $54. It recorded a 9% upswing in price in 24 hours. Trading volume equally soared to $437 Million, a remarkable 136% in the last 24 hours.
