Hyperliquid Roars Past XRP, BNB With 65% Rally: Why Treasury Companies Buy The HYPE
Hyperliquid (CRYPTO: HYPE) is up 65% this week, taking the limelight from bigger and presumably more established tokens, such as XRP (CRYPTO: XRP).
What’s Driving The HYPE Rally
The rally comes after two major sellers finished dumping millions of HYPE, removing massive overhead supply.
The Tornado Cash-funded cluster and Continue Capital completed their liquidation yesterday, selling millions of tokens over weeks.
That selling pressure, which pushed HYPE from $45 highs down to $21.70 lows, is now gone.
Meanwhile, DATs (Digital Asset Treasuries) are accumulating millions of HYPE tokens.
Hyperliquid Strategies (NASDAQ:PURR) is actively buying, and Nasdaq-listed Hyperion DeFi Inc (NASDAQ:HYPD) holds over 1.4 million HYPE tokens as the first U.S. publicly listed company building a strategic HYPE treasury.
Hyperliquid Dominates Tokenized Asset Trading
The platform now controls about 60% of all tokenized …
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