Tom Lee: Hyperliquid treasury nearing 50% of HYPE supply could send token parabolic
- —Hyperliquid Strategies (PURR) holds about 14% of HYPE supply and is still buying
- —Lee: HYPE could go parabolic if treasury ownership reaches 50% of supply
- —DATs trading above NAV can issue equity to buy more tokens, shrinking free float
- —ETH treasuries hold roughly 7% of supply; Lee sees 15% this cycle
Why it matters: Growing treasury stakes shrink HYPE and ETH free float, amplifying volatility and governance concentration risk.
Source: TronWeekly