Hype Surrounds Corporate Holdings of HYPE Tokens

Corporate treasuries have accumulated 31 million HYPE tokens, the native asset of the Hyperliquid Layer-1 blockchain. This stash accounts for 13.3% of the token's circulating supply.

The dominant force behind this accumulation is Hyperliquid Strategies Inc., which trades on NASDAQ under the ticker PURR and holds roughly 29.3 million of those 31 million tokens.

This concentration level dwarfs what corporate treasuries hold in Bitcoin or Solana, with HYPE's figure being more than double that of BTC and nearly five times that of SOL.