Wu Blockchain reported that approximately 9% of HYPE's circulating supply is held by HYPE accumulation firms (DAT). This is a higher figure compared to DAT's holdings of BTC, ETH, SOL, etc. Regarding this, some analysts stated, "HYPE is the only major cryptocurrency being accumulated by firms that is trading at a premium to its market Net Asset Value (mNAV). This means it has a structure that facilitates additional fundraising and supply absorption. If a HYPE-related ETF is approved in the future, it could also have a positive impact on the price," they analyzed.
