Lion Group Holding Disposes of HYPE Tokens as Part of Strategic Investments

Lion Group Holding has made recent moves within the crypto realm, selling a significant portion of its HYPE tokens, according to data from BlockBeats. The transaction involved an address suspected to belong to Lion Group Holding disposing of 12,000 HYPE tokens worth approximately $500,000 three days ago. These developments come after the company secured $600 million in funding for its HYPE treasury strategy on June 19th. The company aims to utilize HYPE as a primary reserve asset and aims to establish a leading layer-1 treasury asset portfolio with Solana (SOL) and Sui (SUI).