Hyperliquid Strategies $PURR disclosed that it purchased 5M $HYPE for $129.5M at an average price of $25.9, according to its latest filing. The transaction lifted its total $HYPE holdings to 17.6M tokens, while $125M in cash remains available for future purchases.

Hyperliquid Strategies (PURR), a U.S.-listed treasury company, spent $129.5 million to repurchase 5 million HYPE tokens at an average price of $25.9, PRNewswire reports. The company disclosed it holds $125 million in cash reserves.

Hyperliquid Strategies (PURR), a U.S.-listed company, disclosed in its February 11 financial report that it spent $129.5 million to acquire 5 million HYPE tokens at an average price of $25.9, according to BlockBeats. The company also reported holding $125 million in cash reserves in the same filing, BlockBeats said.

Ethereum accumulation addresses have acquired about 1.3 million ETH since Friday, worth roughly $2.6 billion, CryptoQuant data show. The current price below $2,000 is viewed as an attractive level for large ETH holders, with many considering these lower prices a compelling entry point.

Whale address 0x6C8 sent 1.99 million USDC to HyperLiquid on Feb. 11 and increased its 20x leveraged ETH long position, Onchain Lens data show. The address now holds 45,000 ETH in long positions valued at $87.8 million, carrying a $3.5 million unrealized loss, bringing its total deposits to HyperLiquid to $32.7 million.

Aztec deployed 4,234.6 ETH ($12.91 million) and 2.73 billion AZTEC tokens on Uniswap to create a V4 liquidity pool after its fully onchain automated token auction in December, onchain analyst Yujin cited by ChainCatcher reports. The auction saw 16,741 addresses participate, with 15% of tokens sold for 19,388 ETH ($59.13 million), implying a $490 million FDV and $0.0473 cost basis. Coinbase added Aztec (AZTEC) to its listing roadmap, and the project team announced on Twitter that TGE is scheduled for 3:00 PM Beijing time on February 12. The pool remains inactive because tokens have not undergone TGE and cannot be transferred; ChainCatcher noted AZTEC would rank among top altcoins by onchain liquidity if the $26 million pool activates at TGE.

Entities tied to bankrupt exchange FTX and Alameda Research unstaked 196,611 SOL valued at approximately $15.97 million, moving the tokens from staking into liquid form, onchain analytics platform Onchain Lens data show. The transaction on the Solana network, recorded roughly four hours prior to initial reporting, follows a pattern of asset movements since FTX Group filed for Chapter 11 in November 2022, during which the estate has also repositioned Ethereum and Bitcoin holdings. The unstaking is part of a court-supervised strategy in the U.S. Bankruptcy Court for the District of Delaware to ready crypto assets for potential sale and creditor repayment, with earlier filings disclosing the use of advisors such as Galaxy Digital for structured liquidation. The estate's Solana portfolio, valued at around $2.6 billion in court materials with portions locked until 2025–2028, remains a major component of anticipated recoveries for affected users.

Decentralized perpetuals exchange Hyperliquid recorded $2.6 trillion in notional trading volume for 2025, exceeding Coinbase's $1.4 trillion, Artemis data show. The perps DEX saw its user base grow to 1.4 million from 300,000 in 2024, daily peak volume rise to $32 billion from $15 billion, TVL reach $6 billion from $2 billion, open interest climb to $16 billion from $4 billion, and daily revenue peak at $20 million compared with $3.5 million in 2024. Defillama reports roughly $258.91 billion in volume over the past 30 days and $24 billion on Feb. 5, when perp DEXs handled $70 billion total, placing Hyperliquid at the top; the protocol also accounted for 2% of global silver trading in late January. HYPE is up around 25% year to date and trading above $30, while Coinbase's COIN is down 27% year to date.

Robinhood Markets disclosed in a January 2025 memo filed with the U.S. SEC on Feb. 11 that Ripple has tokenized hundreds of millions of dollars in real-world assets on the XRP Ledger, citing partnerships with Ctrl Alt, Ondo Finance and Securitize, WrathofKahneman reports. The seven-page document outlines tokenization's advantages and regulatory challenges, referencing McKinsey & Company research projecting tokenized funds could reach $2 trillion by 2030, excluding cryptocurrencies and stablecoins. RWA.xyz data show the XRP Ledger currently hosts $2.18 billion in tokenized RWAs including stablecoins, with commodities at $1.1 billion, private credit at $322.7 million, U.S. Treasury debt at $180.6 million and stablecoins at $424 million including $348 million in RLUSD. XRPL RWA value grew 159% over the past 30 days, compared with 46% on Solana and 15.49% on Ethereum, the data show.