On June 1, Hyperliquid Strategies rose 9.71% in regular trading, trading at $10.955/share, with trading volume of approximately $66.67 million.

On the news front, multiple institutions recently published in-depth research reports issuing buy ratings on the company with a target price of $18, implying significant upside from current levels. Reports highlight that Hyperliquid is the absolute leader in on-chain perpetual contracts globally, commanding a 31.9% market share in Perp DEX with monthly trading volume exceeding $170 billion and annual platform revenue surpassing $600 million. Its valuation stands at merely half that of traditional exchange CME, suggesting severe undervaluation.

Additionally, Hyperliquid recently announced support for canonical outcome markets based on off-chain events, viewed as a second growth curve that further enriches the platform product suite. The dual catalysts of institutional endorsement and new product expansion continue to drive bullish sentiment on the stock.

(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.)