Data compiled by Woofun AI shows that Hyperliquid Strategies, the treasury arm of the Hyperliquid ecosystem, currently commands 9.31% of all circulating HYPE tokens, a position valued at approximately $2 billion. This stake also accounts for 2.78% of the total HYPE supply, indicating significant concentration within the project's official treasury structures.

Concurrently, when aggregated with holdings from the Hyperliquid Ecosystem Fund, these two entities collectively control 7.3% of the total HYPE supply, equating to a market value of $5.3 billion. This combined ownership represents 25.5% of the circulating HYPE token supply, highlighting substantial centralized influence over the available market liquidity.