What’s Next for Hyperliquid’s HYPE Token? What Wall Street and Analysts Are Saying

Wall Street’s crypto treasury spree is spreading to altcoins. With one firm recently backing HYPE, analysts diverge on its near-term upside. Michael Saylor’s controversial bitcoin treasury strategy is no longer fringe — it’s being mimicked across corporate America. According to a recent Wall Street Journal report, companies have raised more than $85 billion in 2025 to buy cryptocurrencies for their corporate treasuries — more than double the amount raised in U.S. IPOs this year. Unlike in 2020, when MicroStrategy’s Saylor stood alone in selling shares to buy bitcoin, a new wave of companies — from toy manufacturers to semiconductor firms — is executing similar strategies with institutional backing. Capital Group, Galaxy Digital, and D1 Capital are among the firms pouring cash into companies that raise funds to accumulate digital assets directly. The surge has extended beyond bitcoin to include lesser-known tokens, often with higher risk-reward profiles. One of the most prominent examples is Hyperliquid Strategies Inc. (HSI), a public crypto treasury company being formed to hold large reserves of HYPE, the native token of the Hyperliquid blockchain. The HSI initiative was first disclosed on July 14, when Sonnet BioTherapeutics (SONN) announced a reverse merger with Rorschach I LLC, a newly formed vehicle backed by Atlas Merchant Capital, Paradigm, and other high-profile crypto investors. The deal will transform Sonnet into a platform for executing a corporate crypto treasury strategy focused not on bitcoin or ether — but on HYPE, the native token of the Hyperliquid blockchain. Upon closing, the combined entity will be renamed Hyperliquid Strategies Inc. (HSI) and continue trading on the Nasdaq Capital Market. HSI will initially hold 12.6 million HYPE tokens, valued at $583 million at the time of signing, and will deploy at least $305 million more to acquire additional HYPE on the open market. If fully executed, this will create one of the largest institutional reserves of a single altcoin ever disclosed. According to Atlas CEO Bob Diamond, a former CEO of Barclays, who will chair the new company, the opportunity is not just financial — it's strategic. In his words, "We think HYPE is pretty special." Diamond said the team believes Hyperliquid offers a differentiated offering in the digital asset space, and that HSI is uniquely positioned to take advantage of it because of its mix of crypto-native and traditional financial leadership. Matt Huang, co-founder of Paradigm, said institutional demand for Hyperliquid has been rising, but noted that direct access to the HYPE token is still limited in the U.S. While Sonnet will become a wholly owned subsidiary of HSI and continue to manage its biotech programs, the company plans to divest non-core assets. Existing investors will receive contingent value rights (CVRs) tied to Sonnet’s therapeutic portfolio. The board of HSI will include Bob Diamond and Eric Rosengren, the former president of the Boston Federal Reserve, alongside incoming financial leadership. The deal is backed by Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital and 683 Capital, and is expected to close in the second half of 2025. Hyperliquid is the name of a decentralized exchange (DEX) and a high-performance layer-1 blockchain launched in 2023. It was designed to offer the speed and trading experience of centralized... https://www.coindesk.com/markets/2025/07/27/what-s-next-for-hyperliquid-s-hype-token-what-wall-street-and-analysts-are-saying #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple