Hyperliquid Strategies (PURR) has made a decisive move in the market, purchasing 5 million $HYPE tokens for $129.5 million at an average price of $25.90. The acquisition significantly increases its exposure to the rapidly expanding Hyperliquid ecosystem and signals continued confidence in the protocol’s long-term trajectory. The purchase pushes Hyperliquid Strategies’ total holdings to 17.6 million $HYPE tokens, consolidating its position as a major stakeholder in the network. Despite the substantial deployment of capital, the firm still retains $125 million in cash reserved for potential future acquisitions, indicating that its accumulation strategy may not be finished. The transaction was first
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