Lion Group will gradually convert SOL and SUI reserves to HYPE
Source: Odaily
Time: 2025-09-09 14:31:11
Odaily Planet Daily News Nasdaq listed company Lion Group Holdings (LGHL) announced that it will convert its holdings of approximately 6,629 SOLs and approximately 1 million SUI into Hyperliquid token HYPE in batches, and it currently holds approximately 128,900 HYPE. The company said it will adopt a phased strategy to reduce volatility risks and optimize entry prices. After the news was announced, Lion Group's stock price rose by more than 11% on the day, and rose by another 10% after the market, with a cumulative increase of nearly 20%. It is reported that Hyperliquid has occupied about 70% of the market for decentralized perpetual contracts, with transaction volume reaching US$383 billion in August, revenue of US$106 million, and platform locked positions of approximately US$1.75 billion. (financefeeds)