HYPE Heats Up: Major Company Adds Hyperliquid to Its Crypto Treasury Strategy
2025-07-14 11:34:14
Main Idea
Sonnet BioTherapeutics rebrands and forms Hyperliquid Strategies, investing heavily in the Hyperliquid (HYPE) ecosystem, signaling significant institutional interest and potential growth for the cryptocurrency.
Key Points
1. Sonnet BioTherapeutics partners with Rorschach and Atlas Merchant Capital to create Hyperliquid Strategies, investing $583 million in HYPE tokens.
2. The company plans to change its Nasdaq ticker from SOON to HSI to reflect its new focus on the Hyperliquid ecosystem.
3. Hyperliquid (HYPE) has seen rapid growth, rising from under $5 to an all-time high of around $49 in 10 months.
4. Key figures like Bob Diamond and David Schamis will lead the newly formed company, emphasizing the project's potential.
5. Institutional demand for HYPE is high, but access to the token remains challenging in the United States.
Description
The Hyperliquid (HYPE) ecosystem has been gaining a lot of attention and adoption from major companies. Over the past month, several entities have either purchased the native token or integrate it into their financial strategies. This momentum has contributed to the crypto’s bullish price action. Data from CoinGecko indicates that the token saw a 22% appreciation over the past week, and 1.5% gains over the past hour as the crypto recorded a new all-time high above $49. US Company Rebrands And Bu...
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