Hyperion DeFi is unwinding approximately $28.7 million in HYPE agreements, involving 800,000 HYPE tokens, representing about 40% of its total holdings.According to Odaily, Hyperion DeFi, the first publicly traded Hyperliquid treasury company, is unwinding two agreements totaling approximately $28.7 million. This involves about 800,000 HYPE tokens, representing about 40% of its total holdings. The stablecoin USDH, which backed these two transactions, has effectively ceased operations. The larger of the two is an agreement with the Felix Foundation for 500,000 HYPE tokens, valued at $18.3 million as of March 31. This agreement supports trading activities denominated in USDH within the HIP-3 perpetual contract market. The second is a temporary usage agreement with Native Markets for 300,000 HYPE tokens, valued at $10.4 million as of the same date, aimed at broader support for the USDH economy.
