Lion Group Plans to Swap SOL and SUI Holdings for HYPE

Lion Group revealed plans to liquidate its existing Solana (SOL) and Sui (SUI) token holdings in favor of acquiring HYPE, the native token of the Hyperliquid layer-1 network. The trading platform operator initiated a disciplined accumulation process for HYPE in late June, aligning with its broader treasury strategy designed to capture yield opportunities and network incentives. Lion Group will execute the swap via on-chain transactions facilitated by Hyperliquid’s decentralized perpetual futures exchange protocols.

The decision follows the recent launch of U.S. custody services by BitGo, which will safeguard HYPE tokens on behalf of institutional depositors. The BitGo integration provides regulated custodial infrastructure, enabling Lion Group to comply with U.S. securities regulations and plan cross-border operations. Lion Group highlighted that shifting to HYPE offers exposure to a token economy underpinned by decentralized order books and staking mechanics, which may yield sustainable returns compared to liquidity provisions on other chains.

In its official announcement, CEO Wilson Wang emphasized that HYPE’s on-chain trading architecture and perpetual swap features present superior risk management and hedging capabilities. The company expects to use decentralized finance primitives, such as margin trading and fixed-rate perpetual instruments, to enhance portfolio diversification. The treasury initiative will reflect in quarterly earnings, with projected yield contributions subject to market volatility.

Market reaction to the swap announcement saw HYPE’s price surge by over 9% within 24 hours, signaling strong investor confidence in Hyperliquid’s ecosystem. SOL and SUI prices experienced moderate declines as selling pressure materialized. Industry analysts view Lion Group’s move as indicative of thematic shifts toward layer-1 tokens offering robust ecosystem incentives and institutional backing. The execution timeline is scheduled for mid-September, subject to on-chain liquidity and network performance considerations.