Hyperliquid Draws First Japanese Corporate Buyer as US Funds Shed $27 Million

Eole has become the first Japanese listed company to hold Hyperliquid (HYPE). The Tokyo-listed firm bought 1,078 tokens for 10.08 million yen.

The purchase lands as US-listed HYPE funds record their longest stretch without inflows since launch. Large holders have moved tokens onto exchanges over the same period.

Japanese Firm Commits 100 Million Yen to Hyperliquid

The company paid an average of 9,352.776 yen per token. It plans further purchases in tranches through the end of August, taking the total to 100 million yen.

Eole ties the buy to its Neo Crypto Bank plan, announced in October 2025. The company argues that AI without bank accounts needs settlement rails that run entirely in software. Smart contracts would carry those payments at low cost and high speed.

“As part of driving that infrastructure forward, eole has now acquired HYPE — the native token of Hyperliquid, the world’s largest on-chain derivatives platform and one well suited to autonomous AI agent execution — as a strategic asset, in addition to its existing Bitcoin (BTC) holdings. The company says this is the first such case by a listed company in Japan,” the firm said.

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US Funds Move the Other Way

While fresh demand has emerged in some parts of the market, US-listed HYPE ETFs have continued to see capital leave.

The spot HYPE funds have not recorded any inflows since July 15. Instead, they posted seven outflow sessions and three flat trading days.

HYPE ETF Flows.
HYPE ETF Flows. Source: SoSoValue

Over that period, investors withdrew roughly $27 million, reducing the funds’ combined assets under management from $370.8 million on July 6 to $252.38 million.

Large token holders have also shifted HYPE to exchanges. Blockchain analytics firm Lookonchain identified two notable transfers this week.

Multicoin Capital moved 137,100 HYPE, worth about $7.51 million, to Coinbase Prime. Meanwhile, a wallet tied to Selini Capital transferred 495,473 HYPE, valued at approximately $26.8 million, to OKX. Combined, the two transactions involved 632,573 HYPE.

The broader price trend has remained weak throughout July. HYPE traded at $53.9 on Thursday, down 19.4% over the past 30 days, making it the worst-performing token among the top 20 cryptocurrencies during that period.

Hyperliquid (HYPE) Price Performance
Hyperliquid (HYPE) Price Performance. Source: BeInCrypto Markets

The token also remains 29.8% below its June 16 all-time high of over $76, having surrendered all of the gains from its brief July rally, when it briefly traded above $70.

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The post Hyperliquid Draws First Japanese Corporate Buyer as US Funds Shed $27 Million appeared first on BeInCrypto.

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