• Hyperliquid Strategies (PURR) is trading 9% up at $10.18 in pre-market, extending a multi-day rally.
  • The surge is fueled by strong performance of HYPE, the native token of the Hyperliquid ecosystem, with the token gaining 12.23% over the past 24 hours.
  • Significant institutional inflows into HYPE-focused ETFs, with nearly $900 million in cumulative trading volume and $153 million in net inflows within a month, also contribute to the momentum.
  • Further catalysts include speculation of a gamma squeeze and upcoming inclusion in the Russell 2000 and 3000 indexes on June 29.