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

HYPE

HYPE/USDT

$85.37

+1.49%

$85.37

+1.49%

(24s)

24h Volume

$537,458,488.49

24h H/L

$86.17 / $83.52

Change: $2.65 (3.17%)

Funding Rate

+0.0016%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$85.43

▲ 1.21%

Volume (24h): -

Resistance Levels

Resistance 3$98.2013

Resistance 2$90.5691

Resistance 1$87.536

Price$85.43

Support 1$83.9231

Support 2$74.0098

Support 3$70.928

Pivot (PP):$85.2733

Trend:Uptrend

RSI (14):65.0

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…