Hyperion DeFi unwinds ~$28.7M HYPE position, involving 800K HYPE representing ~40% of total holdings

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