Overview
Lion Group, listed on Nasdaq, is taking steps to exchange all its holdings in SOL and SUI tokens for HYPE tokens. This strategic decision is part of its plan to take full advantage of newly launched custody services for the Hyperliquid ecosystem in the U.S.
Details
- Lion Group focuses on maximizing its crypto portfolio utilizing the decentralized perpetual futures exchange functionalities provided by the Hyperliquid Layer-1 network.
- The company initially started acquiring HYPE tokens in late June but had continued to hold SOL and SUI as well.
In an earlier statement, Wilson Wang, CEO of Lion Group, emphasized that Hyperliquid represents a unique opportunity in decentralized finance, given its efficient trading infrastructure and on-chain order book.
“By shifting our holdings from SOL and SUI to HYPE through a disciplined accumulation process, we aim to enhance portfolio efficiency and position the Company for sustained growth in the crypto sector,” he stated.
Current pricing: At the moment, HYPE is valued at $51.39, reflecting a 9% increase over the past 24 hours. Meanwhile, shares of LGHL traded at $1.25, marking a decrease of 7.4% as of midday on the East Coast on Monday.
