On June 15, Hyperliquid Strategies rose 9.54% in pre-market trading, trading at $9.54/share, with turnover of $182,800. The stock extended its oversold rebound as selling pressure from the HYPE token large-scale unlock continued to be digested.

On the news front, multiple institutions previously issued buy ratings on the company with a target price of $18, implying nearly 100% upside from current levels. Research reports highlighted that Hyperliquid's perpetual DEX commands a 31.9% market share, the platform generates over $600 million in annual revenue, and its valuation remains at roughly half that of traditional exchange CME, suggesting severe undervaluation. Additionally, Intercontinental Exchange (ICE) announced its entry into the Hyperliquid ecosystem, further reinforcing market expectations for the company's long-term growth trajectory.

The stock had previously declined over 35% from its high of $11.69 to a low of $7.585 due to sustained supply-side pressure from token unlocks, setting the stage for the current technical recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)