Lion Group, a Nasdaq-listed trading platform, is converting its holdings of 6,629 Solana and over one million Sui tokens into HYPE, the native token of the Hyperliquid blockchain. This decision aims to optimize their acquisition cost through a disciplined accumulation strategy during market fluctuations. CEO Wilson Wang emphasized that this move would bolster portfolio efficiency and position the firm for sustained growth. As HYPE reached a new all-time high of $51.84, Lion Group aims to capitalize on the anticipated launch of institutional HYPE custody solutions in the U.S. Additionally, Lion Group's stock price rose significantly following this announcement, gaining over 20%. Other companies in the market are also acquiring HYPE, indicating a growing interest in the token.

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