Hyperliquid Strategies Inc. has initiated a landmark move to connect the worlds of Decentralized Finance (DeFi) and Traditional Finance (TradFi) by filing an S-1 registration form with the U.S. Securities and Exchange Commission (SEC). The filing details a plan to raise up to $1 billion through a public offering of 160 million shares.

In a novel approach for a DeFi protocol, a portion of the proceeds will be used to establish an institutional treasury by purchasing the project’s native HYPE token. This strategy is seen by many analysts as a foundational step toward creating a regulated financial product for its own digital asset, similar in structure to an Exchange-Traded Fund (ETF).

A Strategic Push for Mainstream Legitimacy

By pursuing the formal regulatory path of an S-1 filing, Hyperliquid is aiming for more than just capital. The move signals a commitment to complying with established financial market requirements, a decision that could open doors to a new wave of institutional investors who have remained hesitant to gain direct exposure to cryptocurrencies.

This initiative represents a significant attempt to build a regulatory bridge between the decentralized ecosystem and Wall Street, potentially setting a precedent for other protocols to follow in seeking mainstream acceptance and investment.

Market Reacts as HYPE Token Eyes Key Resistance

The market responded with clear optimism following the announcement. The HYPE token registered an 8% increase from its recent low of $34.70, climbing to trade around $38.50. This positive momentum indicates that investors view the fundraising plan as a major bullish catalyst that could create sustained buying pressure.

On the technical front, buyers have successfully pushed the price above the short-term Point of Control (POC) at $38.50, a key level indicating high trading volume. The next significant obstacle is a resistance zone at $41, which represents a concentration of sell orders. If the token can break through this level, analysts are watching the psychological and technical barrier at $45 as the next major target.

While the market’s reaction has been strong, the push toward the $41 resistance level will be a critical test for the HYPE token’s short-term trajectory.

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