Hyperliquid posted a blockbuster year with EPS of $6.24 on $6.334 million revenue, far above estimates. The company expanded its HYPE treasury to 29.3 million tokens and deployed $773.4 million for 16.5 million more, leaving $132.6 million in cash; its dominance in perpetual futures (9.4% volume, 63% open interest) supports a bullish setup for PURR.
PURR surged as President Trump signaled a regulatory pathway for decentralized exchanges to operate in the U.S., fueling speculation of a favorable policy environment. The Aug. 20 comments triggered a 33% intraday rise, contributing to an August gain of 94%. PURR's HYPE token holdings and lobbying efforts with BGR Group and Sullivan & Cromwell amplify the upside.
Hyperliquid Strategies reported FY2026 results highlighting a fortress balance sheet, a large equity facility, and PURR share repurchases. The company expanded its HYPE treasury to 29.3 million tokens and noted strong ecosystem momentum, including record open interest. These dynamics suggest near-term PURR upside from buyback accretion and improved liquidity, underpinned by the funded equity program and regulatory progress.
Hyperliquid Strategies PURR trades higher as HYPE rallies drive crypto-linked equity exposure. A Capital Flows note flags a potential gamma squeeze due to a small float and active options, keeping speculative bets elevated. Russell index inclusion on June 29 could broaden institutional ownership and support PURR.