Iore Completes ¥100 Million Hyperliquid (HYPE) Buy, Closing Neo Crypto Bank Target

Iore Closes ¥100M HYPE Program

TSE Growth-listed Iore (2334) has finished its ¥100 million Hyperliquid (HYPE) accumulation program, completing the treasury build it laid out at the end of July. According to the company's August 31 investor-relations disclosure, the final tranche comprised roughly 8,709.57 HYPE purchased for ¥89,915,336 between July 30 and August 31, at an average entry of about ¥10,323.74 per token. That lifts cumulative purchases to approximately 9,787.82 HYPE with a total cost of ¥100 million and a blended average acquisition price near ¥10,217.

Chief executive Yugo Takino confirmed in a post on X that the full ¥100 million had been deployed on schedule by the end of August, exactly as the July 29 plan stipulated. The program was funded by reallocating proceeds from Iore's 14th and 15th stock acquisition warrants: a July 16 disclosure changed the stated use of those funds from “Bitcoin purchases” to “digital asset purchases.” Iore positions the HYPE stash — the native token of the decentralized perps platform, used for governance token participation and staking — as strategic infrastructure for its “Neo Crypto Bank” concept rather than passive treasury management. That initiative aims to connect wallet and payment interfaces with lending and on-chain finance, and Iore argues Hyperliquid is well suited to autonomous execution by AI-driven trading agents. Holdings will be marked to market quarterly, like its existing BTC, and further digital-asset purchases remain under active consideration depending on liquidity and market conditions.

a post on Xhttps://x.com/yugo_tt/status/2094312716731367578?ref_src=twsrc%5Etfw

Robinhood Chain Edges App Revenue

The completed buy lands just as Hyperliquid's revenue dominance shows a first crack. On August 30, app-level revenue on Robinhood Chain — an Arbitrum-based layer-2 that only went live on mainnet July 1 during Robinhood's “The World Is Flat” event in London — reached $2.66 million in 24 hours, edging past Hyperliquid L1's $1.7 million and Ethereum's $1.27 million, and running nearly six times Base's $438,436. Three applications drove the bulk of it: memecoin trading terminal Gmgn at about $1.11 million, token-launch and social platform Pons at roughly $930,587, and Uniswap's spot operations at $306,877 — together close to 88% of the chain's daily revenue, a composition that reflects a user base centered on its 95 tokenized stocks and ETF feeds delivered through Chainlink oracles.

Revenue is not volume, however. On July 13 Hyperliquid processed $8.9 billion in single-day perpetual futures volume while Robinhood Chain handled just $5.9 million, and data surfaced on Binance's platform shows the L1 still holds about 9% of global perpetual open interest — a share no challenger currently approaches. Anyone sizing up perpetual futures trading on Hyperliquid will find that depth advantage intact. The revenue crossover arrived with bitcoin pinned near $78,000 and the broader market trading cautiously, so it reads more as a single-day snapshot than a regime change. Readers tracking the market in real time can follow live spot and futures prices on Bitget.

$85.64 Ceiling in Focus

COINOTAG's proprietary 42-indicator composite S/R scoring engine places HYPE at $81.83, down 1.98% over 24 hours, still inside an uptrend with RSI at 66.53 and a bullish MACD signal. The engine rates the $85.64 resistance at 82/100, driven by confluence of Fibo 0.000, Donchian Upper, Swing High and ATR Upper; nearer-term, $82.74 scores 67/100 from R1 and Keltner Upper. Below, the $77.26 support carries 78/100 on EMA 20, BB Middle, SMA 20 and Fibo 0.382. Derivatives positioning looks constructive without euphoria: funding sits at 0.0048% alongside $2.23 billion in open interest, though the 62/100 Greed reading warns of FOMO-driven chases. A daily close above $85.64 opens the next leg higher; losing $77.26 invalidates the bullish structure and exposes $72.13.