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SUI

SUI Group’s treasury climbs to $344m after fresh 20m token addition
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Sui, Ethena launch suiUSDe stablecoin with SUI buybacks

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Sui has introduced suiUSDe, a new synthetic stablecoin built natively on the network to reduce reliance on dominant assets like USDC.

Summary

  • Sui, SUIG, and Ethena announced suiUSDe, a Sui-native synthetic stablecoin.
  • Revenue will fund SUI buybacks, linking stablecoin growth to token demand.
  • Regulatory and market challenges could slow adoption despite strong potential.

Sui has partnered with Nasdaq-listed SUI Group Holdings and Ethena Labs to launch suiUSDe, a new synthetic stablecoin designed for the Sui blockchain. 

Announced on Oct. 1, the project makes Sui (SUI) the first non-EVM network to introduce a native, yield-generating dollar asset, reflecting a major step in its DeFi strategy.

How suiUSDe works

SuiUSDe is powered by Ethena’s (ENA) strategy that pairs digital asset reserves with short futures positions. The token can generate revenue and maintain its dollar peg thanks to this structure. In order to create a loop that returns value to the ecosystem, the Sui Foundation and SUIG will use the net proceeds to buy SUI tokens straight from the market.

Later this year, USDi, a second product, will also debut on Sui alongside suiUSDe. For those seeking stability without taking on additional risk, USDi, a non-yielding stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund, offers a more straightforward choice.

Mysten Labs Co-Founder Adeniyi Abiodun described suiUSDe as a “new pillar of Sui DeFi infrastructure,” noting that it connects directly to protocols such as DeepBook. SUIG Chairman Marius Barnett called it the first step toward building a “SUI Bank,” creating one of the first public gateways to the stablecoin economy.

Ecosystem impact and risks

Sui presents itself as a high-performance substitute for EVM-based chains by integrating yield into a native stablecoin. The move could reduce reliance on dominant assets like USD Coin (USDC) while providing decentralized finance developers with sustainable liquidity sources.

But challenges are clear. U.S. regulators are reviewing synthetic stablecoins under the GENIUS Act, which calls for reserve assets to be held in Treasuries.

SUIG also faces questions after federal investigators opened a probe into digital asset treasury companies in late September. With market swings, the reinvestment design could amplify exposure if token demand weakens.

In a bullish case, SuiUSDe could attract adoption, expand liquidity, and help establish Sui as a strong home for stablecoin growth, with steady buybacks boosting SUI demand. Otherwise, regulatory scrutiny or weak market demand could limit adoption, pressuring both the stablecoin and SUI’s value.



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XYZVerse aims to become a top crypto presale in 2025
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Could AVNT, SUI, XYZ lead the next wave?

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

AVNT, SUI, and XYZ capture October buzz as traders watch for trend-setting moves.

Summary

  • XYZVerse fuses meme culture with sports betting, creating real utility beyond hype.
  • Its presale surges past $15m, eyeing 50x gains as stage 17 nears sell-out.
  • 95% bullish votes on CMC and influencer backing make XYZVerse a leading Uptober play.

Fresh tokens are turning heads this October as AVNT, SUI, and XYZ shake up the market conversation. Their fast growth and bold ideas are drawing interest from both traders and fans. Eyes are on these assets to see if they will set new trends or surprise everyone with their moves.

What’s hot with Avantis and SUI

Avantis keeps surprising traders. The token is now oscillating between 1.27 and 2.97 after jumping 35.99% in the past week. That weekly burst looks small next to its 579.52% leap over the last month and six months. Momentum cooled this week, yet the coin still sits miles above the levels seen early in the year.

Source: TradingView

Sui spent the past week in retreat with a 19.40 percent slide. The month is softer by 9.03 percent, yet the six month chart still shows a hefty 35.77 percent climb. Traders now face a wide band between 3.39 and 3.90 while volume cools. This mix of long term strength and short term pain sets the stage for a decisive move.

Source: TradingView

XYZVerse sets a new trend, could this be the next 50X memecoin?

The buzz around XYZVerse is real. As the first-ever all-sports meme token, it is going to break records in the memecoin space, targeting 50x upon launch.

The current presale gives early investors the chance to grab XYZ tokens at a significantly discounted price, far below the expected listing price.

Bullish mood on XYZ

XYZVerse is already featured on CoinMarketCap where the community has shown a strongly bullish mood on this coin, with 95% voters anticipating XYZ to grow.

XYZ was further noticed by reputable crypto influencers. DanjoCapitalMaster, who has close to 800,000 followers, recently expressed his support for the project, calling XYZVerse a “moonshot opportunity.”

More than just a memecoin

Unlike most memecoins that ride trends without much substance, XYZVerse is setting a new trend. It is blending the high-energy world of sports with the viral nature of meme culture. And it’s working. The presale is moving fast, with early buyers locking in tokens at a fraction of what some believe could be its future value.

Right now, XYZVerse is still in its presale phase, but demand is high. The price has already climbed from $0.0001 in Stage 1 to $0.0055 by Stage 17, with over $15 million already raised. Investors who got in early have secured a steep discount, and with a target listing price of $0.1, those numbers have people paying attention.

There’s still time to get in before the presale ends.

Beyond just hype, XYZVerse has a structured tokenomics model aimed at long-term sustainability. A share of 15% is allocated to liquidity to create a solid market foundation.To reward its community via airdrops and bonuses, the team has put aside 10% of the total supply. Moreover, a big chunk of 17.13% is designated for deflationary burns, which could reduce supply and drive demand for XYZ over time.

A community-driven project with big plans

One thing setting XYZVerse apart is how it engages its community. The team recently launched the Ambassador Program, giving users the chance to earn free tokens by supporting the project. And that’s just the start — there are already talks with major sports celebrities to help boost visibility.

The recent partnership with decentralized sportsbook bookmaker.XYZ underscores XYZVerse’s commitment to expanding its utility. It’s a big move that gives the community something to actually use.

As part of the deal, XYZ holders get a special bonus on their first bet — a nice perk that adds extra value just for being part of the ecosystem.

Could XYZVerse be the next big memecoin?

With a fast-growing presale, a strong community, and an ambitious roadmap, XYZVerse has the ingredients of a project with serious potential. While the crypto market is always unpredictable, many investors see this as an opportunity to get in early on something big. The presale won’t last forever — so fir those interested, now might be the time to take a closer look.

Join XYZVerse, the next moonshot opportunity.

Conclusion

AVNT and SUI shine in the 2025 upswing, yet pioneering sports memecoin XYZVerse blends fandom and humor, targeting outsized gains that could eclipse earlier stars and define the cycle.

For more information, visit the official website, Telegram, and X.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Sui partners with t’order for commercial stablecoin payments in South Korea
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Sui partners with t’order for commercial stablecoin payments in South Korea

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South Korea’s largest table ordering service t’order has chosen the Sui blockchain to jointly develop a stablecoin infrastructure for commercial applications nationwide by leveraging the company’s extensive network.

Summary

  • t’order partners with Sui to launch a stablecoin payments system across 300,000 point-of-sale devices in South Korea.
  • The platform will use an upcoming won-pegged stablecoin that will be deployed on Sui.
  • Decentralized storage protocol Walrus will store transaction data.

Sui network announced the partnership via a Sep. 24 blog post, and said the collaboration will integrate t’order’s advanced QR code and facial recognition technologies to make everyday stablecoin payments more seamless.

t’order is South Korea’s largest point-of-sale ordering platform that processes over $4.3 billion in transactions annually. The company has long championed zero-fee payments for small businesses, and by integrating stablecoins, it hopes to replace costly card fees with faster, more affordable digital settlement.

According to Sui Foundation’s Managing Director, Christian Thompson, the collaboration is expected to target South Korea’s  food service market, which is valued at roughly 190 trillion KRW, and “improve the consumer experience for millions in Korea.”

“The mass adoption arc for stablecoins and crypto payments is rapidly accelerating, and it’s thrilling to see Sui at the forefront of this trend with innovative partners like t’order,” Thompson said.

The upcoming platform will be powered by a won-pegged stablecoin deployed on the Sui network. However, the announcement did not disclose a specific launch timeline or the name of the issuing entity. 

All transaction and loyalty data would be stored on Walrus, a decentralized storage protocol built on the Sui blockchain.

Once live, the stablecoin payments, rewards, and settlement system would be available across t’order’s nationwide network of over 300,000 point-of-sale devices.

“Our Partnership with Sui is the next step in that vision, leveraging our unique nationwide deployment capabilities and real-time infrastructure to create a new payment and settlement paradigm –one designed for and centered around small businesses,” a t’order spokesperson was quoted as saying.

SUI, the native token for the Sui network, did not immediately react to the news, and was down 3.4% in the past 24 hours, continuing its downtrend that began on Sep. 18.

South Korea’s growing appetite for stablecoins

Stablecoins have become a key focus area in South Korea over the past year as the nation pushes to develop a domestic digital asset ecosystem that reduces reliance on dollar-pegged tokens like USDT and USDC.

In recent months, local firms and financial institutions have accelerated efforts to issue won-based stablecoins, most notably with the launch of KRW1, a fully backed won-pegged token issued on the Avalanche blockchain.

At the same time, South Korean regulators have already kicked off efforts to finalize a legislative framework to regulate stablecoin issuance and operations in the country. A new bill set to be unveiled in October is expected to outline requirements around collateralization, internal controls, and issuer transparency.



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SUI Group’s treasury climbs to $344m after fresh 20m token addition
NFT Gaming

SUI forecasted $2.50-$4, SEI nears $0.75 as Zexpire adds daily play

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Analysts see SUI at $4, SEI near $0.75 as Zexpire launches fixed-risk play amid rising structured strategy demand.

Summary

  • Zexpire brings one-click, 0DTE options trading to DeFi, turning volatility into a simple daily market play.
  • Priced at $0.003 in seed access, ZX rewards early buyers with staking, cashback perks, and beta platform access.
  • With fee burns, buybacks, and gamified simplicity, Zexpire aims to be the HYPE of prediction-driven crypto markets.

Forecasts for SUI, SEI and Zexpire are sharpening as year-end draws closer. Independent analysts put SUI’s potential range at $2.50 to $4, citing rising network activity and stronger exchange support. SEI is building steady traction toward $0.75 on the back of climbing liquidity and a string of recent listings that have lifted daily turnover.

Zexpire is entering the spotlight with the rollout of a daily fixed-risk play, a feature designed to lock exposure at predetermined levels while keeping upside open. The addition arrives just as interest in structured strategies broadens, giving speculators a fresh vehicle and placing the platform alongside established venues that already offer limited-risk trades.

Sui vs SEI: The race to stardom?

Sui (SUI) experienced significant growth, surging from under $1 to over $2 in late 2023 and early 2024, reaching a peak of $2.18 on March 27. After a summer slowdown, the token recovered to $2.36 by October 14. Christian Williams of the Sui Foundation lauded the platform’s contributions to the sector, highlighting strong community engagement and DeFi initiatives.

Source: TradingView

SUI’s strong half-year trend and positive Moving Average Convergence Divergence (MACD) indicator indicate a gradual upward trajectory for SUI. However, momentum may slow near the first resistance level before a renewed push.

Sei burst onto the scene in August 2023 with a promise of fast, cheap trades and widened its reach in November by teaming up with Circle’s USDC stablecoin. By Jan 23 2025 it sat near $0.3385, lagging while the wider market rose. Against this backdrop recent market signals shed light on the next move.

Source: TradingView

SEI’s positive MACD backs the bulls for now, making a push to the first resistance more likely than a drop below the main support in the near term.

Zexpire pioneers a gamified

In the crypto market, early adoption in emerging categories often leads to significant gains. A recent illustration of this is HYPE, Hyperliquid’s token, which delivered substantial returns to early investors by capitalizing on the rise of derivatives trading.

Zexpire seeks to replicate this success in an even newer area. It is the first 0DTE DeFi protocol, simplifying options trading into a straightforward, one-click daily transaction.

When volatility becomes a benefit

Zexpire (ZEX) simplifies volatility trading, making it accessible to everyone. Unlike complex options trading with intimidating charts and “Greeks,” Zexpire focuses on a single question: will BTC stay in range today, or break out? Users simply click their choice and watch the market unfold. The risk is capped, meaning players will never lose more than their initial stake. 

This approach enters a market where crypto options already see around $3 billion in daily volume, and prediction markets like Polymarket have surpassed $10 billion in cumulative bets. Zexpire combines these elements, wrapping volatility trading into an easy-to-understand format.

Unfolding the potential of ZX  

Similar to how HYPE fuels Hyperliquid, ZX is the native token that powers every play on Zexpire. 

Currently available in seed access for just $0.003, ZX’s price will incrementally rise to $0.025 upon listing. This structure ensures that early participants secure the lowest entry point, while subsequent buyers will pay more. 

Beyond the price advantage, early buyers also receive additional benefits such as staking yield before the Token Generation Event (TGE), cashback perks, and beta access, all designed to reward the initial wave of holders.

Seize the first-mover advantage with ZX before it surges

Every market cycle presents unique tokens that spearhead a new trend before widespread adoption. A prime example is HYPE, which capitalized on the derivatives market on Hyperliquid, transforming early engagement into a dominant narrative of its cycle.

Now, ZX is poised to replicate this success in the category of gamified options trading. This unique approach seamlessly merges the rapid expansion of prediction markets with the intuitive simplicity of one-click plays.

Early investors can secure the most favorable entry price, while long-term holders will benefit from a robust ecosystem designed to enhance value. This includes fee burns, strategic buybacks, staking rewards, and exclusive platform perks, all of which work to reduce supply and incentivize active participation.

Conclusion

Analysts say SUI could finish the year between $2.50 and $4 as activity on its chain grows. SEI is on course for $0.75, supported by rising volume and fresh listings.

Both outlooks appear strong, yet Zexpire is the first DeFi platform that turns crypto’s biggest challenge, volatility, into profit. Users make one click to decide if Bitcoin stays in range or breaks out today; losses stay capped, with no liquidations or margin calls. Every play uses the ZX token, and early holders enjoy fee cuts, steady buybacks, and built-in demand. ZX represents a promising opportunity too.

For more information, visit the official website, Telegram, or X.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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sui sui network suiusd
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Sui Network Gains Wall Street Attention: Could Google Deal Push SUI Into The Top 10?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Sui Network (SUI) has become one of the first launch partners for Google’s Agentic Payments Protocol (AP2). This open-source standard enables AI-driven agents to perform secure, programmable payments without human intervention.

Developed by Mysten Labs, Sui’s Move-based architecture and zkLogin privacy solution made it a natural fit for Google’s initiative. AP2 is already supported by over 60 industry giants, including PayPal, Salesforce, and American Express, signaling its potential to become a cornerstone of automated commerce.

By integrating privacy-first identity and programmable transactions, AP2 could improve how AI interacts with payments, from subscriptions and paywalls to real-world purchases, while positioning Sui at the heart of this technological shift.

ETF Filings Signal Wall Street’s Growing Interest

Adding to the momentum, several ETF issuers have filed applications with the U.S. Securities and Exchange Commission (SEC) that include Sui. Among them is Tuttle Capital’s proposed “SUI Income Blast ETF,” designed to give both institutional and retail investors exposure to the token.

This move follows a broader wave of crypto ETF filings across assets like Avalanche (AVAX) and Bonk (BONK), highlighting Wall Street’s increasing appetite for altcoins. Analysts note that infrastructure-focused projects such as Sui and Avax have stronger chances of approval compared to riskier memecoin-linked products.

If greenlit, a SUI ETF could channel significant liquidity into the network, bracing demand at a time when adoption of AI-driven payments is expected to accelerate.

Price Outlook: Can SUI Break Into the Top 10?

SUI currently trades around $3.58, marking steady gains since the Google announcement.

Technical analysts point to historically tight Bollinger Bands, a pattern that preceded Sui’s 250% rally in December 2023 and a 404% surge in September 2024. If history repeats, SUI could see a 150–200% breakout, targeting prices between $6 and $8.

SUI’s price trending sideways on the daily chart. Source: SUIUSD on Tradingview

Market watchers are also considering wider factors, including potential Bitcoin volatility, token unlocks, and regulatory scrutiny over AI-payment integrations. Nevertheless, the rise of Google’s AP2 partnership, ETF filings, and bullish technical signals indicates that Sui could ascend the ranks of major cryptocurrencies.

If momentum persists, analysts believe Sui has a real chance of entering the top 10 digital assets by market capitalisation before 2026, boosting its position in AI-driven finance.

Cover image from ChatGPT, SUIUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Tuttle Capital Files Bonk Income Blast Etf With Sui And Litecoin
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Tuttle Capital Files Bonk Income Blast ETF with Sui and Litecoin

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Tuttle Capital, which oversees more than $3.6 billion in assets, has filed with the U.S. SEC for approval to start a few crypto Exchange Traded Funds (ETFs) that aim to make money for investors. The applications, submitted on September 16, 2025, include a Bonk Income Blast ETF and similar funds for Sui (SUI) and Litecoin (LTC).

How These ETFs Work?

The main idea behind these ETFs is to help investors earn a steady income while still being linked to the daily price movements of the cryptocurrencies. At the same time, they will give exposure to the daily price movements of the chosen cryptocurrencies, though the funds are designed to limit how much investors can gain from price swings.

To achieve this, the ETFs will use a strategy called a put credit spread with FLEX options. FLEX options are exchange-traded contracts that allow investors to adjust key details, like the strike price, expiration date, and contract type. This method helps investors better gauge prices while avoiding the risks that come with over-the-counter options.

Why Bonk?

The filing shows Tuttle Capital sees strong demand for Bonk (BONK) among institutional investors. The Solana-based memecoin has a market cap of over $1.87 billion and a 24-hour trading volume of around $348 million. 

BONK is now the second-biggest memecoin, just behind Pudgy Penguins (PENG). Its price went up about 4% in the last 24 hours and is trading at roughly $0.00002426. 

Litecoin and Sui Prices

The ETFs also target Litecoin and Sui. Litecoin is barely moving, up 0.21% at around $115, while Sui is up 0.93%, currently trading at $3.59. These coins are included in the income blast strategy alongside Bonk.

Context and Industry Response

Tuttle Capital is the second U.S. firm to file for a spot in a Bonk ETF, after Rex Shares and Osprey Funds. The company previously filed for 2x Bonk and 2x Litecoin ETFs in January 2025.

ETF analysts Eric Balchunas and James Seyffart noted the new income-focused strategy and the volatility of Solana-based BONK. Seyffart suggested brokerages should include warnings for these high-risk products, but said experimentation is part of the market.

Tuttle just filed for a Bonk Income Blast ETF, which will invest in the meme boin Bonk (or an ETF tracking it) then employ a put credit spread using FLEX options to generate income. Also SUI and Litecoin getting the ‘Blast’ treatment.. pic.twitter.com/MW7iAB6AJg

— Eric Balchunas (@EricBalchunas) September 16, 2025

The SEC has yet to approve spot ETFs for altcoins, including Bonk, SUI, and Litecoin. Decisions continue to be delayed as the regulator works with major exchanges on broader listing standards for crypto ETFs.

Also Read: Canary Seeks SEC Nod for Spot Litecoin ETF With 0.95% Fee





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Crypto Trends

Avalanche, Sui, and Bonk ETFs Test SEC as Issuers Push Into Riskier Territory

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In brief

  • Bitwise, Defiance, Tuttle, and T-Rex filed five new crypto ETFs, from Avalanche and Sui to memecoin Bonk and leveraged Orbs.
  • Analysts say AVAX and tokenization funds have the strongest approval odds, while memecoin and basis-trade ETFs face “more scrutiny.”
  • The filings add to a queue of over 90 crypto ETF applications infront of the SEC.

A flood of crypto ETF applications hit the Securities and Exchange Commission on Tuesday, with five distinct filings spanning everything from Avalanche infrastructure to Bonk (BONK) in what one analyst called “wild” territory.

The lineup includes Bitwise’s spot Avalanche ETF and a Stablecoin & Tokenization ETF, Defiance ETFs built around Bitcoin and Ethereum basis trades, Tuttle’s “Income Blast” funds covering Bonk (BONK), Litecoin (LTC), and Sui (SUI), and T-Rex’s leveraged 2x Orbs ETF, according to ETF Institute co-founder Nate Geraci.

Together, they expand an already swelling roster of more than 90 crypto ETF applications pending before the regulator.



“The spot AVAX ETF should have the highest chance of approval because it’s a simple product relative to others,” Pratik Kala, head of research at Apollo Crypto, told Decrypt. 

Bitwise joins VanEck and Grayscale in pursuing institutional-grade exposure to AVAX ETFs.

But Kala expressed skepticism about more exotic products, saying that “Basis Trade ETF will be the first of its kind, to my knowledge, and will have more scrutiny.” 

He was referring to Defiance ETFs’ market-neutral Bitcoin and Ethereum funds that execute hedge fund arbitrage strategies by buying spot ETFs while shorting futures contracts.

Sudhakar Lakshmanaraja, founder of Digital South Trust, echoed Kala’s assessment, telling Decrypt that the SEC is “far likelier to greenlight AVAX and stablecoin/tokenization ETFs,” while “meme coin-linked products face a steeper climb” due to concerns over “volatility and liquidity.”

Tuttle Capital Management, managing over $3.6 billion in assets, became the second U.S. fund manager to file for a spot Bonk (BONK) ETF, alongside “Income Blast” products covering Litecoin and Sui. 

“Income Blast ones on long-tailed altcoins are also difficult as the options volumes for those are slim,” Kala told Decrypt. “It would be fair for the SEC to draw a harder line for memecoin-based ETFs due to the long-term sustainability of some of these coins, along with a poorer liquidity profile.”

Pav Hundal, lead analyst at Swyftx, told Decrypt that “infrastructure coins like Avax are close enough to Ether” to have strong approval odds, and “the same holds true for Sui.” 

He noted the SEC provided “clarity” in February that “meme coins aren’t securities,” suggesting more applications will follow. 

But Hundal showed particular enthusiasm for the basis trade ETF, calling it a “standout” since “a market neutral product hasn’t been launched yet” and predicting “these types of yield-bearing funds could be big.”

The filing blitz comes as REX-Osprey’s Dogecoin ETF prepares to debut this week after clearing its SEC review period. 

Kala said it’s “wild that ETF applications on long-tailed crypto and memecoin assets are being considered” as issuers position for “the largest wealth transfer” from boomers to younger generations who see “memetics plays a large role in investing.”

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Sui Jumps Nearly 4% After Google Selects It as Launch Partner for AI Payments Protocol
Crypto Trends

Sui Jumps Nearly 4% After Google Selects It as Launch Partner for AI Payments Protocol

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Sui (SUI) rose nearly 4% over the past 24 hours after being selected as a launch partner for Google’s new Agentic Payments Protocol (AP2), a standard designed to let AI agents conduct financial transactions for users.

The token’s move from $3.509 to $3.622 marked a 3.22% gain, with trading spanning a $0.183 range. By contrast, the CoinDesk 20 index rose just 1% over the same period.

SUI is currently trading at $3.63.

The AP2 announcement added momentum to a token that had already shown bullish strength. Volume surged to 33.14 million during a breakout — nearly four times the 24-hour average of 8.73 million. That jump in activity, along with higher lows and steady bids above $3.50, points to possible institutional accumulation.

Google’s Agentic Payments Protocol is an emerging standard aimed at enabling AI agents to carry out payments and other financial operations on behalf of users. The protocol is part of a broader effort to bridge smart contracts, real-world payment rails, and machine autonomy.

At one point, SUI climbed from $3.60 to $3.65 before falling to $3.57 and settling at $3.60, a minor net loss for that specific intraday move.

Buyers reclaimed the $3.61–$3.65 range before volume tapered off, suggesting profit-taking.

But with the Google partnership now in play, bulls may target the next resistance band between $3.70 and $3.75.

Read more: Google Teams Up With Coinbase to Bring Stablecoin Payments to AI Apps



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(Sebastiaan Stam/Unsplash)
NFT Gaming

Lion Group Plans to Swap SOL, SUI Holdings for HYPE

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Nasdaq-listed Lion Group (LGHL) plans to exchange all of its SOL and SUI holdings for HYPE tokens.

The Singapore-based trading platform operator is aiming to capitalize on the launch of custody services for the the Hyperliquid ecosystem in the U.S. by digital asset custodian BitGo.

Lion Group said it plans to optimize its crypto portfolio using the Hyperliquid layer-1 network’s decentralized perpetual futures exchange capabilities, in an announcement on Monday.

The company began acquiring HYPE tokens in late June, having previously announced its Hyperliquid treasury initiative. At the time, however, Lion Group said it planned to continue acquiring SOL and SUI.

Lion Group CEO Wilson Wang described Hyperliquid as “the most compelling opportunity in decentralized finance, with its on-chain order book and efficient trading infrastructure.”

“By shifting our holdings from SOL and SUI to HYPE through a disciplined accumulation process, we aim to enhance portfolio efficiency and position the Company for sustained growth in the crypto sector,” he added.

At the time of writing, HYPE is priced at $51.39, 9% higher in the last 24 hours.

LGHL shares traded at $1.25 of of midday on the East Coast on Monday, a fall of 7.4% on the day.



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Lion Group bets on Hyperliquid as it converts SOL and SUI to HYPE
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Lion Group bets on Hyperliquid as it converts SOL and SUI to HYPE

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Lion Group Holding, the Nasdaq-listed trading platform operator, is making a huge bet on Hyperliquid as it announces a reallocation of its Solana and Sui assets.

Summary

  • Lion Group Holding Ltd. plans to convert its Solana and Sui assets to Hyperliquid’s HYPE.
  • The company says its move aligns with desire to tap into Hyperliquid’s growth potential following BitGo’s integration of HyperEVM

In an announcement on Monday, Lion Group said it’s taking a fresh bet on Hyperliquid (HYPE),the decentralized exchange platform that has recently attracted significant attention. Specifically, Lion Group Holding Ltd., which offers an all-in-one trading platform that includes over-the-counter stocks, options, and futures, will reallocate all of its current holdings of Solana (SOL) and Sui (SUI) assets to HYPE.  

To accomplish this, the company will adopt an accumulation strategy by which it converts all of its SOL and SUI tokens into HYPE. Lion Group plans to undertake this over the coming months, with its decision to pivot to a Hyperliquid treasury strategy coming amid an institutional milestone for the DEX platform, with crypto custody firm BitGo enabling HyperEVM custody for users in the United States.

“We believe Hyperliquid represents the most compelling opportunity in decentralized finance, with its on-chain order book and efficient trading infrastructure,” Wilson Wang, chief executive officer of LGHL, said. “By shifting our holdings from SOL and SUI to HYPE through a disciplined accumulation process, we aim to enhance portfolio efficiency and position the company for sustained growth in the crypto sector.”

Tapping into Hyperliquid’s growth potential

BitGo announced support for HyperEVM in late August, noting that the expansion effort will allow qualified users to tap into BitGo’s custody services to benefit from the growth potential of HyperEVM. One of the key assets in this ecosystem is HYPE, a token that is getting new attention after Hyperliquid revealed plans for its native stablecoin.

According to LGHL, the move to shift SOL and SUI into HYPE will allow it to optimize its crypto portfolio by leveraging Hyperliquid’s potential as a high-performance layer-1 blockchain. Hyperliquid is also a leading decentralized perpetual futures exchange.

Lion Group will take advantage of market volatility to accumulate HYPE at the best prices. The token currently trades around $51.90.



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