Hyperliquid’s HYPE surges 30% as crypto and tradfi worlds merge
When the crypto market emerged more than a decade ago, its proponents pitched it as “us vs. them” – a rebel fight against Wall Street and traditional markets.
Over time, the great divide slowly closed with the debut of popular traditional instruments like futures and ETFs tied to cryptocurrencies, and now the two worlds have merged on decentralized platforms.
The market-beating rally in Hyperliquid’s HYPE token, a decentralized exchange, reflects just that, according to Hyunsu Jung, CEO of Nasdaq-listed Hyperion DeFi. It’s the first US publicly listed company building a long-term strategic treasury of HYPE tokens. As of late last year, it held over 1.4 million HYPE tokens.
The HYPE token has surged over 30% to $33 this week, leaving…
