Cantor starts Hyperliquid treasury company Hyperliquid Strategies at Overweight

As previously reported, Cantor Fitzgerald analyst Brett Knoblauch initiated coverage of Hyperliquid (HYPE-USD) Strategies (PURR) with an Overweight rating and $5 price target Hyperliquid Strategies is a Hyperliquid digital asset treasury company and Hyperliquid is a decentralized exchange for trading perpetual futures, built on its own custom layer-1 blockchain, notes the analyst, who sees HYPE, along with other perpetual DEX peers, taking share from centralized exchanges. HYPE DATs are an attractive way to gain exposure to HYPE, which the firm believes to be “one of the most attractive protocols across crypto,” the analyst added.