Lion Group Holding Ltd. (NASDAQ:LGHL) announced it continues to hold its full allocation of 193,775 Hyperliquid tokens.
The company stated it has not sold any HYPE tokens. As of Sunday, the holdings were valued at approximately $11.9 million, a significant sum compared to Lion Group's market capitalization of $0.17 million.
Hyperliquid has seen growth in on-chain perpetuals trading volumes and protocol revenues. Upgrades include HIP-3 and HIP-4.
The recent launches of spot HYPE ETFs by Bitwise and 21Shares have attracted institutional inflows.
