Lion Group Holding, a Nasdaq-listed trading platform, has announced plans to convert its entire holdings of 6,629 Solana and over one million Sui tokens into HYPE, the native token of the Hyperliquid blockchain. This strategic move aims to enhance portfolio efficiency and capitalize on market volatility to optimize the average acquisition cost of HYPE tokens. CEO Wilson Wang emphasized that this disciplined accumulation approach would position the company for sustained growth, especially with upcoming institutional HYPE custody solutions supported by BitGo in the U.S. The announcement coincided with HYPE reaching a new all-time high of $51.84. If executed, the conversion would increase Lion Group's HYPE holdings to over 128,000 tokens. Following the news, Lion Group's stock price surged over 20%, reflecting positive market sentiment. Notably, other companies such as Hyperliquid Strategies are also acquiring significant amounts of HYPE tokens, indicating growing interest in decentralized finance opportunities.

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