<p>Hyperliquid Strategies 已经完成与 Sonnet BioTherapeutics 的合并，形成了最大的 HYPE 加密货币库。该交易最初在七月提出，将允许新实体以 “Hyperliquid Strategies” 的名义运营。</p>
<p>根据 Hyperliquid Strategies 的首席执行官 David Schamis 的说法，这次合并将为公共市场提供访问 Hyperliquid [HYPE] 链和去中心化交易所（DEX）的机会。</p>
<blockquote>
<p>“今天标志着一个重要时刻：美国公共市场投资者现在可以直接参与 Hyperliquid 生态系统，并通过一个高度流动的、公开交易的工具进行投资。”</p>
</blockquote>
<p>到目前为止，最大的数字资产库（DATs）集中在比特币 [BTC]、以太坊 [ETH] 和索拉纳 [SOL] 上。在这三者之外，只有币安 [BNB] 和 HYPE 在企业库中受到高度关注。</p>
<h2><strong>DATs 对 HYPE 的影响</strong></h2>
<p>Hyperliquid Strategies（HS）和 Hyperion DeFi 引领 HYPE DAT 领域。根据当前价格，HS 持有价值 5.83 亿美元的 1689 万 HYPE。</p>
<p>最新的合并可能跟随一项 2.65 亿美元的 HYPE 收购提议，链上分析师 Steven 指出。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Screenshot-2025-12-03-122044.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Screenshot-2025-12-03-122044.png"/></p>
<p>来源：X</p>
<p>就其而言，Hyperion DeFi 持有 170 万 HYPE。另一家公司 Lion Group Holdings 也宣布了类似的举措，持有 19.47 万 HYPE，使得 DATs 下的供应量超过了流通总量的 6%。</p>
<h2><strong>HYPE 价格走势</strong></h2>
<p>在 Hyperliquid Strategies 更新后，HYPE 上涨了 9%，并在 $35 的价格拒绝之前延续了 17% 的反弹。截至发稿时，价格回落至 $34.4，但突破 $35 的上方阻力可能使多头有机会推进至 $40。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/HYPEUSDT_2025-12-03_12-47-08.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/HYPEUSDT_2025-12-03_12-47-08.png"/></p>
<p>来源：HYPE/USDT，TradingView</p>
<p>否则，另一轮抛售可能将其拖至 $30 或下方支撑区（白色）在 $25-$27。</p>
<p>也就是说，HYPE 的融资利率在过去六天内一直为正，表明期货市场的看涨情绪。事实上，积极的情绪和价格图表上的 “W” 底部形态可能提高进一步反弹至 $40 的可能性。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/glassnode-studio_hype-futures-perpetual-funding-rate-all-exchanges.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/glassnode-studio_hype-futures-perpetual-funding-rate-all-exchanges.png"/></p>
<p>来源：Glassnode</p>
<p>总体而言，DATs 可能有助于限制 HYPE 的下行空间并加速恢复。尽管价格图表形态和期货指向可能的延续反弹，但多头只有在比特币重新夺回 $96K 并上涨时才能突破 $35。</p>
<hr/>
<h2>最终思考</h2>
<ul>
<li><em>HYPE 已经获得了一位主要的加密货币库参与者，分析师可能会出价额外的 2.65 亿美元。</em></li>
<li><em>在更新后，代币上涨了 17%，但在 $35 停滞不前，期货市场则发出了积极的信号。</em></li>
</ul>
<hr/>

SONN

<p>Hyperliquid Strategies 已与 Sonnet BioTherapeutics 合并，形成了最大的 HYPE 加密货币库。这次合并使得公共市场投资者能够接触到 Hyperliquid 生态系统。在合并后，HYPE 的价格上涨了 17%，随后稳定在 34.4 美元。合并和积极的市场情绪可能推动进一步的复苏，潜在的阻力位在 35 美元，目标为 40 美元。这次合并标志着加密货币库领域的一个重要发展</p>

<p>Hyperliquid Strategies has finalized its merger with Sonnet BioTherapeutics, forming the largest HYPE crypto treasury. The deal was initially proposed in July and would allow the new entity to operate as “Hyperliquid Strategies.”</p>
<div class="lb-trans"><p>Hyperliquid Strategies 已经完成与 Sonnet BioTherapeutics 的合并，形成了最大的 HYPE 加密货币库。该交易最初在七月提出，将允许新实体以 “Hyperliquid Strategies” 的名义运营。</p>
</div><p>According to David Schamis, CEO of Hyperliquid Strategies, the merger will provide public markets with access to the Hyperliquid [HYPE] chain and DEX.</p>
<div class="lb-trans"><p>根据 Hyperliquid Strategies 的首席执行官 David Schamis 的说法，这次合并将为公共市场提供访问 Hyperliquid [HYPE] 链和去中心化交易所（DEX）的机会。</p>
</div><blockquote>
<p>“Today marks a watershed moment: U.S. public market investors can now participate directly in the Hyperliquid ecosystem and do so through a highly liquid, publicly traded vehicle.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“今天标志着一个重要时刻：美国公共市场投资者现在可以直接参与 Hyperliquid 生态系统，并通过一个高度流动的、公开交易的工具进行投资。”</p>
</blockquote>
</div><p>So far, the largest digital asset treasuries (DATs) are concentrated on Bitcoin [BTC], Ethereum [ETH], and Solana [SOL]. Outside of this trio, only Binance [BNB] and HYPE have seen high interest amongst corporate treasuries.</p>
<div class="lb-trans"><p>到目前为止，最大的数字资产库（DATs）集中在比特币 [BTC]、以太坊 [ETH] 和索拉纳 [SOL] 上。在这三者之外，只有币安 [BNB] 和 HYPE 在企业库中受到高度关注。</p>
</div><h2><strong>Impact of DATs on HYPE</strong></h2>
<div class="lb-trans"><h2><strong>DATs 对 HYPE 的影响</strong></h2>
</div><p>The Hyperliquid Strategies (HS) and Hyperion DeFi lead the HYPE DAT scene. The HS held 16.89 million HYPE worth $583 million based on current prices.</p>
<div class="lb-trans"><p>Hyperliquid Strategies（HS）和 Hyperion DeFi 引领 HYPE DAT 领域。根据当前价格，HS 持有价值 5.83 亿美元的 1689 万 HYPE。</p>
</div><p>The latest merger could follow a $265 million bid for HYPE, noted on-chain analyst Steven.</p>
<div class="lb-trans"><p>最新的合并可能跟随一项 2.65 亿美元的 HYPE 收购提议，链上分析师 Steven 指出。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Screenshot-2025-12-03-122044.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/12/Screenshot-2025-12-03-122044.png"/></p>
<p>Source: X</p>
<div class="lb-trans"><p>来源：X</p>
</div><p>For its part, Hyperion DeFi holds 1.7 million HYPE. Another firm, Lion Group Holdings, also announced a similar move with 194.7K HYPE, bringing the supply under DATs to over 6% of the total token in circulation.</p>
<div class="lb-trans"><p>就其而言，Hyperion DeFi 持有 170 万 HYPE。另一家公司 Lion Group Holdings 也宣布了类似的举措，持有 19.47 万 HYPE，使得 DATs 下的供应量超过了流通总量的 6%。</p>
</div><h2><strong>HYPE price action</strong></h2>
<div class="lb-trans"><h2><strong>HYPE 价格走势</strong></h2>
</div><p>After the Hyperliquid Strategies update, HYPE rallied 9% and extended the recovery to 17% before a price rejection at $35. As of press time, the price retreated to $34.4, but clearing the overhead resistance at $35 could allow bulls to advance to $40.</p>
<div class="lb-trans"><p>在 Hyperliquid Strategies 更新后，HYPE 上涨了 9%，并在 $35 的价格拒绝之前延续了 17% 的反弹。截至发稿时，价格回落至 $34.4，但突破 $35 的上方阻力可能使多头有机会推进至 $40。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/HYPEUSDT_2025-12-03_12-47-08.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/12/HYPEUSDT_2025-12-03_12-47-08.png"/></p>
<p>Source: HYPE/USDT, TradingView</p>
<div class="lb-trans"><p>来源：HYPE/USDT，TradingView</p>
</div><p>Otherwise, another round of dumping could drag it to $30 or the lower support zone (white) at $25-$27.</p>
<div class="lb-trans"><p>否则，另一轮抛售可能将其拖至 $30 或下方支撑区（白色）在 $25-$27。</p>
</div><p>That said, the Funding Rates for HYPE have been positive for the past six days, suggesting a bullish sentiment in the Futures market. In fact, the positive sentiment and “W” bottom formation on the price charts could raise the odds for further recovery to $40.</p>
<div class="lb-trans"><p>也就是说，HYPE 的融资利率在过去六天内一直为正，表明期货市场的看涨情绪。事实上，积极的情绪和价格图表上的 “W” 底部形态可能提高进一步反弹至 $40 的可能性。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/glassnode-studio_hype-futures-perpetual-funding-rate-all-exchanges.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/12/glassnode-studio_hype-futures-perpetual-funding-rate-all-exchanges.png"/></p>
<p>Source: Glassnode</p>
<div class="lb-trans"><p>来源：Glassnode</p>
</div><p>Overall, the DATs could help cap HYPE’s downside and accelerate the recovery. Although the price chart formation and Futures point to a likely extended recovery, bulls could only clear $35 if Bitcoin reclaims $96K and advances.</p>
<div class="lb-trans"><p>总体而言，DATs 可能有助于限制 HYPE 的下行空间并加速恢复。尽管价格图表形态和期货指向可能的延续反弹，但多头只有在比特币重新夺回 $96K 并上涨时才能突破 $35。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Thoughts</h2>
<div class="lb-trans"><h2>最终思考</h2>
</div><ul>
<li><em>HYPE has secured a major crypto treasury player, who could bid an extra $265 million per analyst.</em></li>
<li><em>The token jumped by 17% after the update before stalling at $35, but the Futures market signalled positive sentiment.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>HYPE 已经获得了一位主要的加密货币库参与者，分析师可能会出价额外的 2.65 亿美元。</em></li>
<li><em>在更新后，代币上涨了 17%，但在 $35 停滞不前，期货市场则发出了积极的信号。</em></li>
</ul>
</div><hr/>
<div class="lb-trans"><hr/>
</div>

Hyperliquid 与 Sonnet 的合并为 HYPE 打开了公共市场的通道 - 详情