Wu Blockchain reported that approximately 9% of HYPE's circulating supply is held by HYPE accumulation companies (DAT). This is a higher figure compared to DAT's holding ratios for assets like BTC, ETH, and SOL. Regarding this, some analysts stated, "HYPE is the only asset among major cryptocurrencies being accumulated by companies that is trading at a premium to its market Net Asset Value (mNAV). This implies 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."
