Coin World News: An on-chain analyst said in a post that hyperliquid-related digital asset treasury company (DATS) currently holds nearly 9% of the circulating supply of HYPE. On a circulating-supply basis, this is higher than the treasury holdings ratio of BTC, ETH, SOL, and BNB-related treasuries. Currently, HYPE is the only DAT asset in its statistics that trades with positive MNAV, making related treasury instruments easier to finance and allowing them to continue absorbing supply. If an ETF is approved, new passive inflows will face a tighter circulating float, an early institutional holding structure, and existing treasury buy orders, which may provide support for the price.

HYPE3.63%
BTC0.36%
ETH-0.66%
SOL2.39%
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