Altcoins News
By Pankaj K
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Tony G Co-Investment Holdings has officially entered the Hyperliquid ecosystem with a major token purchase, acquiring 10,387 $HYPE tokens for over $438,000.
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The average purchase price was $42.24 per token. With this move, Tony G’s firm becomes the first publicly listed company to hold Hyperliquid’s native token in its treasury.
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The announcement was confirmed by Tony G himself on X, where he shared a snapshot of the transaction and hinted that this investment is only the beginning.
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The acquisition was executed via WonderFi Technologies, a Canadian crypto platform, and highlights the growing interest from institutions in DeFi projects like Hyperliquid.
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Tony G Co-Investment’s CEO Matt Zahab commented on the purchase: “This acquisition reflects our belief in the future of decentralized trading infrastructure.
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Zahab took over as CEO earlier this month and brings media and crypto experience, including his role as the host of the Cryptonews Podcast.
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Another Solana-Style Strategy in the Making?
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The Hyperliquid move draws comparisons to Tony G’s earlier involvement with Sol Strategies. That company began building a large position in Solana (SOL) back in 2019.
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While Hyperliquid is not part of the Solana ecosystem, analysts speculate that Tony G is applying a similar long-term investment strategy to $HYPE.
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$HYPE Sees Massive Growth and Whale Activity
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Hyperliquid’s native token is riding a strong upward trend. From just $1 at its launch to over $42 today, the token’s performance has caught the eye of traders and institutions…
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In May alone, Hyperliquid recorded $248 billion in trading volume—a jump of over 840% compared to the same period last year.
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Influencers are also taking notice. Andrew Tate made headlines by revealing a 25x leveraged long position on ETH through Hyperliquid, which returned 138%.
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The market is watching closely as $HYPE inches toward the $50 mark. Fibonacci-based models suggest price targets of $77 and $103 in the coming months, depending on continued…
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With a current market cap of $13.39 billion, Hyperliquid is already ahead of SUI and closing in on Cardano’s $25 billion valuation.
The Currency Analytics
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