Analyst Sees Gamma Squeeze in Hyperliquid Stock

A prominent analyst has predicted that Hyperliquid's stock (PURR) may be on the verge of a gamma squeeze, likening it to the infamous GameStop saga in 2021.

The analyst, who revealed their full position in PURR, cited several catalysts for this potential squeeze, including the upcoming inclusion of PURR in the Russell 2000 and 3000 indexes on June 26, as well as the potential adoption of Hyperliquid Strategies in the US.

PURR's small float and market cap of around $1.4 billion have drawn comparisons to GameStop before its 2021 squeeze, with the analyst noting that the stock recently experienced its largest single day of trading volume on record.