Update
Hyperliquid Strategies Acquires HYPE Tokens
Hyperliquid Strategies acquired 9.1 million HYPE tokens worth $785 million, increasing its holdings to 16% of the circulating supply. The company also burned 21,040 HYPE tokens, valued at approximately $1.64 million, with an average price of $77.93. Despite a bearish price trend, Hyperliquid’s HYPE trades below its daily EMA20 at $82.16, maintaining a bearish daily-chart trend.