Eyenovia Confirms a $50 Million Plan to Build a HYPE Treasury Backed by Hyperliquid Tokens
Eyenovia confirmed a $50 million plan to build a HYPE treasury backed by Hyperliquid tokens. The firm will rebrand to Hyperion DeFi and change its stock ticker from EYEN to HYPD on or around June 20, 2025.
Eyenovia stated that it would continue its ophthalmic technology operations while managing the HYPE treasury as a separate arm. The treasury will include over 1,000,000 HYPE tokens, which the company will use to support staking and validation on the Hyperliquid network.
To lead the HYPE treasury strategy, Eyenovia appointed Hyunsu Jung as its Chief Investment Officer. He will also serve on the board of directors.
PIPE Financing to Support HYPE Treasury Strategy
To raise capital for the HYPE treasury, Eyenovia entered a PIPE financing agreement with institutional accredited investors. The firm will issue non-voting convertible preferred stock, convertible into about 15.4 million common shares at a price of $3.25 per share.
In addition, Eyenovia will issue warrants for up to 30.8 million shares, also priced at $3.25. If exercised in full, the warrants could generate $150 million. However, no certainty was given about the exercise of these warrants.
In the company’s official release,
“The closing of the offering is expected to occur on or about June 20, 2025, subject to the satisfaction of customary closing conditions, with the Company also expected to change its name and ticker to ‘Hyperion DeFi’ and ‘HYPD,’ respectively.”
Eyenovia Expands Into Hyperliquid With HYPE Treasury and New Ticker HYPD
The HYPE treasury will operate alongside Eyenovia’s current business. By acquiring HYPE tokens and running a staking system, the company plans to function as a validator on the Hyperliquid network. The rebranded entity, Hyperion DeFi, will manage both areas.
Eyenovia listed other tokens, including XRP, Solana, Artificial Superintelligence Alliance (FET), and Bittensor (TAO), as part of its broader crypto diversification.
CEO Michael Rowe said,
“The Board and I have concluded that this transaction is in the best interests of our shareholders.”
This statement was issued alongside the company’s formal announcement of the PIPE financing and upcoming ticker change to HYPD.
After the HYPE treasury and ticker change were made public, Eyenovia (EYEN) shares closed 134.6% higher on June 17, 2025, according to Google Finance. In after-hours trading, the stock declined 7.7%.
The stock activity followed the company’s disclosure of its HYPE treasury strategy, the rebrand to Hyperion DeFi, and the confirmed ticker change to HYPD. Further developments are expected once the PIPE financing closes.
HYPE Price Forms Ascending Channel, Eyes 37% Move Toward $54.39
Meanwhile, on June 18, 2025, the HYPE/USDT one-hour chart showed the formation of an ascending channel. An ascending channel is a bullish price pattern where the asset moves between two upward-sloping parallel lines. This structure often indicates controlled upward momentum.
The chart shows that HYPE is trading around $39.57, while the upper boundary of the channel aligns with the projected target of $54.39. If the pattern confirms, the price may increase approximately 37% from the current level.
The 50-period Exponential Moving Average (EMA), currently near $40.96, acts as dynamic resistance. The price has stayed mostly within the red parallel lines, validating the channel structure. The lower boundary continues to offer support.
Traders often watch for a breakout above the channel’s upper trendline to confirm stronger momentum. Until then, price action within the pattern suggests gradual upward bias.
HYPE/USDT Stochastic Momentum Index Dips Below Signal Line on June 18
On June 18, 2025, the Stochastic Momentum Index (SMI) chart for HYPE/USDT shows the blue SMI line at -19.508, crossing below the orange signal line at 1.456.
The Stochastic Momentum Index (SMI) is an advanced version of the standard stochastic oscillator. It measures the position of the current close relative to the midpoint of the recent high-low range, providing insight into short-term price momentum.
As of now, the SMI line has turned downward, moving away from the signal line. This movement indicates weakening upward momentum in the short term. The crossover below the signal line often reflects a shift in short-term market strength, especially when occurring near the midpoint of the oscillator range, as seen here.
Both the SMI and the signal line are positioned inside the shaded neutral zone between +40 and –40, suggesting the price remains within a consolidation range rather than a strong trend.
HYPE/USDT RSI Shows Weak Momentum Below 50 on June 18
On June 18, 2025, the Relative Strength Index (RSI) for HYPE/USDT stood at 39.14, while the 14-period moving average hovered near 44.83.
The Relative Strength Index (RSI) is a momentum oscillator that ranges from 0 to 100. It helps identify overbought conditions (above 70) and oversold levels (below 30). Readings between 30 and 70 typically indicate neutral market conditions.
Currently, the RSI line is positioned below both the signal level of 50 and its own moving average. This setup shows that HYPE is facing declining momentum.
The RSI recently attempted to recover but failed to sustain above the midpoint. As a result, price strength remains weak. Traders often watch the 50 level as a key threshold between bullish and bearish bias. A move back above 50 would suggest renewed buying strength.