Whale activity around Hyperliquid hints at rising institutional interest ahead of Lion Group’s treasury launch.
Lion Group Holding Ltd. has secured a $600 million funding facility from ATW Partners. But not for traditional business expansion, such as opening new offices or buying shares in other companies. The funds are planned to be used to build a crypto asset treasury, spearheading Hyperliquid (HYPE).
In early June 2025, Hyperliquid Perp’s trading volume hit a new record of $248.3 billion in just one month, according to DeFiLlama data. Furthermore, the total value locked (TVL) on the platform has also more than doubled to $1.46 billion, indicating a surge in user trust and a more fluid ecosystem.
Amid volatile market conditions, this performance makes Hyperliquid look quite “sellable” to be used as the foundation of a digital treasury.
What makes Lion Group’s strategy even more interesting is that they will not only rely on HYPE. They will also allocate some of their funds to other assets such as Solana (SOL) and Sui (SUI). As a safeguard, all these assets will be managed through the custody and staking services of BitGo Trust Company — which already has a strong reputation in this sector.
The first phase of the $10.6 million fund disbursement will be carried out in the near future. The rest? Depends on needs and market developments. However, this is not just about putting money in and hoping for the price to go up. If you want to make a simple analogy, it’s like buying a property in a rising location and renting it out immediately, while also hoping for its value to increase in the next five years.
Furthermore, Lion Group is even considering listing additional shares on the Tokyo Stock Exchange (TSE) and Singapore Stock Exchange (SGX). They want to expand investor access and strengthen their position in the Asian market. A signal that they are serious.
The performance of the HYPE token itself is still a hot topic. In the last 24 hours, its value has fallen by 6.68%, and in the last 7 days it has plunged by 9.48%.
But if we zoom out a bit, in the last 30 days, this token has risen by more than 30%. In fact, it had recorded an increase of up to 65% in the same period a few days ago, with a record rise of 204% in the last 90 days.
Not only that, there are also suspicious movements — meaning in a positive sense — from whales. A few days ago, there was a large leverage activity: a long-term bet of $29.85 million on Bitcoin, as well as an additional deposit of $19.43 million focused on HYPE. This reinforces the impression that it is not only retail traders who are paying attention to this token. The big players also seem to have started to take positions.
Currently, HYPE’s position in the list of the largest cryptos is in 11th place, slightly below Cardano and just above Bitcoin Cash. If you remember, not long ago HYPE had entered the top 10 — and not a few predicted that it could rise again if the trend continued.
On the other hand, Lion Group shares were also affected by this news. Its value had increased by almost 20%, touching around $3.33. It could be a temporary effect, but it could also be the beginning of a new narrative: public companies are starting to embrace altcoins, not just Bitcoin or stablecoins, as part of their capital management strategies.
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