Tony G, a renowned crypto investor, through his company Tony G Co-Investment Holdings, has acquired 10,387 Hyperliquid ($HYPE) tokens valued at over $438,000. This marks the firm's largest investment in decentralized finance (DeFi) to date and makes it the first publicly listed company to include $HYPE in its treasury.
The purchase was made at an average price of $42.24 per token via WonderFi Technologies, a Canadian digital asset platform. $HYPE has experienced significant growth since its launch in late 2024, surging from $1 to over $42 within a year, reflecting rising market share and token value.
Hyperliquid, which blends centralized exchange performance with decentralized custody, has seen an 843% increase in trading volume year-over-year as of May 2025. The platform's growing popularity is further fueled by influencer attention and large traders' activity, pushing the token toward the $50 psychological price level.
Investors and analysts draw parallels between this move and Tony G's earlier strategic investment in Solana via Sol Strategies. While Hyperliquid is not part of the Solana ecosystem, this acquisition hints at a similar long-term vision for $HYPE. The company is now the largest known public holder of $HYPE tokens.
Despite positive momentum and market interest, no official confirmation has been released by Tony G or Hyperliquid's team beyond the company’s statement. Some market participants remain cautious, awaiting additional details and data to validate the strategic significance of the investment.