Tony G Buys $438K in Hyperliquid Tokens—Is $HYPE the Subsequent Sol Methods Play?

Tony G Co-Funding Holdings confirmed that it bought 10,387 $HYPE tokens, the native asset of the Hyperliquid ecosystem, for simply over $438,000. That is the corporate’s largest funding in decentralized finance to this point.

The tokens have been acquired at a mean worth of $42.24 every. This marked the primary time a publicly listed firm had taken a place within the Hyperliquid protocol.

Hyperliquid Will get Institutional Nod as Tony G Co-Funding Buys In

In accordance with the press launch, the acquisition was executed by way of WonderFi Applied sciences, a Canadian digital asset platform. It comes amid Hyperliquid’s rise in market share and token worth.

From a worth of $1 at launch in late 2024, $HYPE has surged to over $42 inside a yr. With this buy, Tony G Co-Funding turns into the most important recognized $HYPE holder amongst publicly listed companies.

“This acquisition displays our strategic dedication to supporting digital infrastructure that’s driving the following wave of innovation,” stated Matt Zahab, CEO of Tony G Co-Funding Holdings. “Hyperliquid represents some of the thrilling developments in decentralized buying and selling infrastructure.” he added.

Zahab, who took over as CEO on June 8, brings advertising and marketing and media expertise, together with his position as host of the Cryptonews Podcast.

He replaces Ron Akram, who stepped down as director earlier this month. Gediminas Klepackas, previously interim CEO, has been named Chief Working Officer.

The agency made headlines in 2022 when it bought its stake in Information 3.0, the guardian firm of Cryptonews.com, netting $2 million in crypto funds throughout a interval when DeFi markets have been reeling from the FTX collapse.

The $HYPE acquisition attracts parallels to a different Tony G-backed enterprise, Sol Methods. The publicly traded firm started accumulating a big place in SOL in 2019 and has since grow to be closely invested within the Solana ecosystem.

Tony G now serves as chairman and holds 36.8 p.c of the corporate’s shares. In 2024, he helped safe a CA$10 million revolving credit score facility, which contributed to a 12 p.c surge within the firm’s inventory worth on the announcement day.

Underneath his management, Sol Methods used the credit score facility to develop its Solana holdings. At the moment, the agency holds greater than CA$48 million in crypto belongings, primarily in SOL and SUI.

Regardless of reporting a web lack of CA$4.8 million within the second quarter of 2025, the corporate noticed its staking and validation income will increase yr over yr, rising from simply CA$67,000 to CA$2.54 million.

Whereas Hyperliquid doesn’t belong to the Solana ecosystem, observers have begun to ask whether or not Tony G is making use of the identical technique. With Sol Methods targeted on consolidating SOL, this newest transfer into $HYPE suggests an analogous long-term imaginative and prescient, albeit on a distinct blockchain.

$HYPE Rallies Towards $50 as Influencer Buzz and Itemizing Rumors Push Token Larger

Hyperliquid’s buying and selling quantity reached $248 billion in Might, an 843 p.c improve in comparison with the identical interval final yr.

The platform provides centralized alternate efficiency mixed with decentralized custody. Its Season 2 factors marketing campaign has additionally attracted hundreds of latest merchants.

$HYPE’s current surge has been fueled by each influencers and large-scale merchants. Andrew Tate drew consideration after publicly revealing a 25-times leveraged ETH lengthy place on the blockchain, which gained 138%.

Whale exercise has additionally picked up. One pockets acquired over 259,000 $HYPE tokens for almost $10 million and reportedly earned over $10 million in cumulative income from buying and selling $HYPE alone.

Analysts imagine the token is approaching the $50 psychological stage. Some Fibonacci-based fashions recommend future worth targets of $77 and $103.

With a market capitalization of $13.39 billion, Hyperliquid has already surpassed SUI and is approaching Cardano’s $25 billion valuation.

There’s additionally hypothesis a couple of potential itemizing on Binance.US. The alternate posted a teaser masking Hyperliquid final week, which coincided with the emergence of itemizing rumors.

For Tony G, this will sign one other early guess constructed on conviction, large-scale entry, and a long-term plan. “We’re proud to be one of many first public corporations to put money into the Hyperliquid ecosystem. That is just the start,” Zahab stated.

Given Tony G’s historical past in DeFi, some see $HYPE as his subsequent high-conviction transfer.

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