Suspected Lion Group Holding Address sold $500,000 worth of HYPE 3 days ago, after previously announcing a $600 million funding round for the launch of the HYPE Treasury Strategy.

BlockBeats News, August 21st, according to HyperInsight monitoring, a suspected Lion Group Holding address sold 12,000 HYPE tokens (approximately $500,000) 3 days ago.

Previously reported, on June 19th, the Nasdaq-listed company Lion Group Holding secured a $600 million investment to launch its HYPE Treasury Strategy. The company plans to use HYPE as its primary reserve asset and establish a next-generation Layer-1 Treasury Asset Portfolio with SOL and SUI.