Hyperion Defi的炒作令牌獲取：大膽的舉動還是冒險的賭博？

Hyperion Defi對大肆宣傳令牌的戰略收購引發了辯論：這是有遠見的投資還是對第1層區塊鏈動盪世界的高風險賭注？

Hyperion DeFi's (NASDAQ: HYPD) recent moves in the Hyperliquid ecosystem have raised eyebrows. Their strategy involves amassing HYPE tokens. Is this a genius play or a dive into the deep end of crypto volatility? Let's break it down.

Hyperion Defi（NASDAQ：HYPD）在超流動生態系統中的最新動作引起了眉毛。他們的策略涉及積累炒作令牌。這是天才的戲劇還是潛入加密詩的深處？讓我們分解。

Hyperion's HYPE Token Shopping Spree

Hyperion的炒作象徵性購物狂歡

On September 25, 2025, Hyperion DeFi announced the acquisition of 176,422 HYPE tokens for a cool $10 million. This isn't their first rodeo; it's their fourth direct purchase, bringing their total holdings to a hefty 1,712,195 HYPE tokens, valued at around $70 million (based on a $41.1 price tag per token, according to CoinMarketCap at the time). They snagged these tokens at an average price of $38.25, so they're already seeing some green.

2025年9月25日，Hyperion Defi宣布以1000萬美元的價格收購176,422個炒作令牌。這不是他們的第一個牛仔競技表演；這是他們的第四次直接購買，將他們的總股份達到了1,712,195個炒作令牌，價值約7,000萬美元（根據當時的CoinMarketCap的數據，基於每個令牌的41.1美元的價格）。他們以38.25美元的價格搶購了這些令牌，因此他們已經看到了一些綠色。

Why HYPE? Hyperliquid Explained

為什麼要炒作？過度液體解釋了

So, what's the deal with HYPE? Hyperliquid is a Layer 1 blockchain designed for high-speed decentralized trading. HYPE is its native token, used for staking, governance, and those pesky network fees. Staking HYPE can get you reduced trading fees and bonus perks. Hyperion's CEO, Hyunsu Jung, sees the upcoming mainnet upgrade, requiring a 200,000 HYPE stake to qualify as an eligible quote asset on HyperCore, as a prime opportunity to get in on the ground floor of new ecosystem deployments and generate revenue directly from the protocol.

那麼，炒作怎麼辦？ Hyproliquid是一個專為高速分散交易而設計的1層區塊鏈。 Hype是其本地令牌，用於佔有，治理和討厭的網絡費用。 Staking Hype可以使您減少交易費用和獎勵津貼。 Hyperion的首席執行官Hyunsu Jung看到了即將進行的Mainnet升級，需要200,000個炒作股份才能作為HyperCore上合格的報價資產，這是在新生態系統部署的地面上的主要機會，並直接從協議中產生收入。

A Unique Strategy: Not Your Average Bitcoin Play

一個獨特的策略：不是您的平均比特幣遊戲

Hyperion's approach is different from the usual public company crypto plays. Think MicroStrategy and their Bitcoin obsession. Instead of just holding, Hyperion wants to actively participate in the Hyperliquid network through staking. This could lead to sweet revenue streams, but also exposes them to the wild swings of the crypto market.

Hyperion的方法不同於通常的上市公司加密貨幣。想想微觀及其比特幣的痴迷。 Hyperion不僅要舉行，還希望通過Statek積極參與超流動網絡。這可能會導致甜蜜的收入來源，但也使它們暴露於加密貨幣市場的狂野波動。

The Whale Factor and Vesting Concerns

鯨魚因素和歸屬問題

While Hyperion is accumulating, other players are making moves. Back in September 2025, there were reports of large cryptocurrency investors, or whales, cashing out of Hyperliquid’s native token. Concerns were brewing over an upcoming vesting schedule that could unleash billions worth of tokens onto the market. One whale wallet, “0x316f,” withdrew $122 million worth of HYPE, acquired for around $12 per token, likely to lock in profits. The vesting schedule, starting November 29, 2025, will distribute a significant chunk of tokens to core contributors over 24 months, potentially creating sell pressure.

當Hyperion積累時，其他玩家正在採取行動。早在2025年9月，有報導稱大型加密貨幣投資者（鯨魚）從超流動性的本地令牌中兌現。擔心即將到來的歸屬時間表，可能會將價值數十億美元的代幣投入市場。一個鯨魚錢包，“ 0x316f”，撤回了價值1.22億美元的炒作，以每個令牌約12美元的價格收購，可能會鎖定利潤。從2025年11月29日開始的歸屬時間表將在24個月內向核心貢獻者分發大量令牌，並有可能造成銷售壓力。

Aster Rising: A Competitor Emerges

Aster Rising：競爭對手出現

Adding to the mix, Hyperliquid faces competition from Aster, a decentralized perpetuals exchange linked to Binance co-founder Changpeng Zhao. Some whales seemed to be shifting their investments towards Aster, indicating a dynamic and competitive landscape.

除了混合使用，超級流動面臨著與Binance聯合創始人Changpeng Zhao相關的分散的永久交流Aster的競爭。有些鯨魚似乎正在將投資轉移到Aster上，這表明有充滿活力和競爭的格局。

The Verdict: Bold Move or Risky Business?

判決：大膽的舉動還是冒險的業務？

Hyperion DeFi's HYPE token acquisition is a high-stakes gamble. The potential rewards are significant: direct revenue generation and deep integration with a growing Layer 1 blockchain. However, they face risks like token volatility, vesting schedule sell-offs, and increasing competition. Whether this strategy pays off remains to be seen.

Hyperion Defi的炒作令牌獲取是一場高風險的賭博。潛在的獎勵是重要的：直接收入產生和與不斷增長的第1層區塊鏈的深度集成。但是，他們面臨著諸如代幣波動，歸屬計劃拋售以及競爭不斷增加的風險。該策略是否有效還有待觀察。

One thing's for sure: it's going to be an interesting ride. So buckle up, grab some popcorn, and let's see if Hyperion can turn this HYPE into something truly spectacular. Crypto, am I right?

可以肯定的是：這將是一個有趣的旅程。因此，搭扣，抓住一些爆米花，讓我們看看Hyperion是否可以將這種炒作變成真正壯觀的東西。加密，對嗎？