Hyperliquid vs Ethereum: Did Tom Lee Pick the Wrong Crypto Treasury Asset for BitMine?

HYPE

HYPE/USDT

$57.76

+1.42%

$57.76

+1.42%

(24s)

24h Volume

$239,439,618.77

24h H/L

$57.96 / $56.64

Change: $1.32 (2.33%)

Funding Rate

+0.0051%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$57.53

▲ 1.05%

Volume (24h): -

Resistance Levels

Resistance 3$62.1584

Resistance 2$59.7549

Resistance 1$57.5833

Price$57.53

Support 1$56.7094

Support 2$55.1163

Support 3$53.0016

Pivot (PP):$56.7333

Trend:Sideways

RSI (14):51.6

Lockridge Okoth

(03:18 PM UTC)

1 min read

Reviewed byMichael Roberts

0 comments

Tom Lee’s BitMine bought 5.4 million Ethereum (ETH) instead of Hyperliquid (HYPE), and now faces a binary verdict. The Ethereum holding is down 21% since June 30, 2025. HYPE is up 68% over the same window.

The question is whether Tom Lee built the institutional position he intended to create. Or whether he picked the wrong asset for a cycle that already rewarded perpetual exchange tokens.

ET…