This Lion’s Crazy Crypto Swap Will Make You Go “HYPE”!

by

Finance

What to know:

  • Lion Group decided to trade their SOL and SUI hoard for a shiny pile of HYPE tokens. Because why not? 🦁✨
  • This Singaporean crypto circus is jumping on the bandwagon of Big Fancy Custody Services by BitGo in the U.S. – because that sounds super official and trustworthy, right?

Nasdaq-listed Lion Group (LGHL) has had a wild hair and is swapping every last bit of its SOL and SUI crypto toys for those sparkly HYPE tokens. 🎩✨ Poof! No more SOL, no more SUI, just HYPE as far as the eye can see.

Apparently, this Singapore-based trading platform operator wants to gobble up all the juicy perks offered by the Hyperliquid ecosystem’s new custody services in the U.S., courtesy of the ever-so-friendly digital asset babysitter, BitGo.

Lion Group proudly announced on Monday that they’ll “optimize” their crypto portfolio – which is a fancy way of saying, “We’re playing around with Hyperliquid’s decentralized perpetual futures exchange magic.” Sounds thrilling, doesn’t it?

They actually started scooping up HYPE tokens back in late June, during their Hyperliquid treasury escapade. Back then, they promised to keep a tame grip on SOL and SUI too, but hey, promises are made to be broken! 😉

The fearless Lion Group CEO, Wilson Wang, gushed about Hyperliquid being “the most compelling opportunity in decentralized finance,” thanks to its “on-chain order book” and “efficient trading infrastructure.” Translation: it sounds smart and shiny.

“By switching from SOL and SUI to HYPE gradually but surely, we hope to jazz up our portfolio and get ready for a roaring growth spurt in crypto-land,” he said, probably while polishing his monocle.

As of now, HYPE is wagging its tail at $51.39, zooming up 9% in the last 24 hours – not too shabby! Meanwhile, LGHL shares are sulking at $1.25, down 7.4% midday on the East Coast Monday. Oh, the crypto rollercoaster! 🎢

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2025-09-08 20:38