Hyperion DeFi purchases additional $5M in HYPE for Kinetiq iHYPE strategy

Hyperion DeFi (HYPD) announced that it has acquired an additional 108,594 HYPE tokens, expanding its total holdings to 1,535,772 HYPE purchased at an average price of $36.14 per token. This latest purchase is in preparation of deploying HYPE into Kinetiq’s iHYPE pool, a gated smart contract environment that provides access to the iHYPE Liquid Staking Token. “Following the successful launch of our co-branded validator, we continued working closely with the Kinetiq team to begin implementing our HyperEVM DeFi strategy,” said Hyunsu Jung, Chief Investment Officer of Hyperion DeFi. “As the first public company to utilize Kinetiq’s institutional-grade liquid staking solution, we are taking key steps to provide shareholders with access to the unique opportunities only available on Hyperliquid.”