Corporate entities hold 9% of HYPE's circulating supply

Corporate entities accumulating HYPE (DAT) now hold approximately 9% of the token's circulating supply, Wu Blockchain reported. This proportion is higher than for other major assets like BTC, ETH, and SOL. According to some analysts, HYPE is the only major cryptocurrency being accumulated by corporations that trades at a premium to its modified net asset value (mNAV). They suggested this structure facilitates additional fundraising and supply absorption, adding that the potential approval of a HYPE-related ETF could positively impact its price.