On June 12, Tony G Co-Investment Holdings announced the completion of a transaction to acquire 10,387 original HYPE Tokens from the HyperLiquid ecosystem. The medium transaction price was 42.24 USD/Token, with a total transaction value of 438,800 USD. This marks the first time the company has directly invested capital into DeFi infrastructure.
The entire transaction was completed on WonderFi – a cryptocurrency exchange based in Canada, known for its advanced KYC and security functions. This move signifies a strategic step by Tony G Co-Investment Holdings into the cryptocurrency field, aiming to leverage the advantages of DeFi protocols.
Careful consideration with a reasonable entry price reflects a long-term vision, while opening up opportunities to access new digital assets and automated liquidation tools in DeFi. HyperLiquid is known for its permissionless protocol architecture, cross-chain capabilities, and utilities serving yield farming – staking.
The emergence of institutional capital in HyperLiquid becomes a positive growth signal for the ecosystem. This also serves as a stepping stone for collaborative activities, product development, and expanding partner networks in the global cryptocurrency industry.
