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PUPURR

Hyperliquid Strategies Inc Common Stock

$PURR·$1.5B·Financial - Capital Markets·Financial Services
$9.07-7.4%YTD+189.8%1Y+132.6%
Price updated 5h ago·X counts updated 5d ago
PUPURR
$PURRHyperliquid Strategies Inc Common Stock
$9.07-7.45%660 posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $PURR on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

660X posts · last 7 days
Sep 29Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $PURR's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data23 posts analyzed · as of 2026-10-02

The Hyperliquid-mascot crowd is confidently bullish — holders are calling $PURR "the Pepe of 2026" and "next DOGE" at a ~$90M market cap, pointing to its status as the first HIP-1 token and the fact SmartestMoney still holds despite a half-billion run. $1.66 and "faces melted in S3" are the loud targets. There is no bear voice because the thesis is "haven't paid attention yet," not "too high."

Read what X is saying about $PURR

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $PURR — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Driven by hypeCooling offAI verdict · as of 2026-10-03

Catching its breath after a run — could pick back up or fade from here.

A listed treasury vehicle for the Hyperliquid DEX ecosystem — the MSTR template without MSTR history, financed by an uncapped equity line.

Hyperliquid Strategies is a listed treasury vehicle built around the Hyperliquid decentralized exchange — the MSTR template with HYPE-ecosystem tokens instead of Bitcoin. The stock has 3x'd in a year on narrative velocity, not operating performance.

  • There is no real business behind the equity yet: Q2 revenue of $2.6M against a $1.7B market cap is roughly 370x price-to-sales — the bet is on crypto stacked per share, not operating economics.
  • The dilution structure is aggressive and expanding: an uncapped equity line sized at $2.5B lets the company drip-sell at a 1.5–3% discount to VWAP — upside only works if tokens outrun issuance.
  • The crowd is treating this explicitly as a meme — "Pepe of 2026" and "next DOGE" are the actual slogans quoted, which is honest about what you're buying.

If HYPE rolls or dilution races ahead, the premium cracks fast. The tape is already cooling after the parabolic move.

Agrees with X sentimentX is literally pitching this as a meme — "Pepe of 2026", "next DOGE", $1.66 targets — and the mechanics (uncapped $2.5B equity line, zero operating revenue, ~370x P/S) back that framing. It's a trade, not a holding, and the crowd is being honest about that.

What to watch: HYPE-token performance vs the ChEF equity-line issuance rate — token outperformance expands the premium; the first week where share count climbs faster than token value is the signal the premium is about to compress.

On the calendar: 2026-11-16 — Q1 2027 earnings

float missingbeta missing

Read the AI verdict on $PURR

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Digital asset holding company building a treasury around the Hyperliquid (HYPE) token as a crypto-native investment vehicle.

Industry overviewAI analysisGenerated by AI from underlying data

Where Financial - Capital Markets sits in its cycle right now — and what that implies for $PURR.

Financial - Capital Markets · Financial Services

No material change from last week — digital-asset platforms drive growth as retail crypto trading and stablecoin adoption (USDC via CRCL) expand.

What this means for $PURR

Partial — Digital asset holding company building a treasury around the Hyperliquid (HYPE) token as a crypto-native investment vehicle.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
-1.4%YTD
+3.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-6.9How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-1.1%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-281%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-1.3%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
367.3Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-23.0%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
100%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 27, 2026$2.80$-0.02+14100.0%
Q1 2026May 7, 2026$1.01$-0.67+251.5%
Q4 2025Feb 11, 2026$-0.13$-2.67+95.1%
Q4 2025Jan 6, 2026$-0.01——
Next earningsMon, Nov 16·consensus EPS $0.04

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$2.6M—100%-176%$1.01$-7.0M
Q1 FY26$500K—100%-593%$-2.45$-8.3M
Q4 FY25$0———$-0.01—

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.6×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.58%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-10.2%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+33.9%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 114.1M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today11.6% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.375-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

No open-market buys or sells in the last 180 days.

+ 18 other (12 awards · 6 others) in window

See when $PURR insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

S-1Initial registrationSep 15S-1
8-KMaterial agreementSep 158-K — Item 1.01: Material agreement
AI summary

Hyperliquid Strategies Inc. (PURR) and Chardan Capital Markets LLC entered Amendment No. 3 to the ChEF Purchase Agreement on September 14, 2026. After the first 160 million shares are sold, future VWAP Purchase prices drop to 98.5% of VWAP (or 97.0% for Off-Hour purchases), replacing the prior terms set in Amendment No. 2 (also dated September 14, 2026). This amendment modifies an existing equity-line facility, reducing the effective issuance price for shares beyond the initial 160M tranche — moderately dilutive to existing holders.

8-KMaterial agreementSep 148-K — Item 1.01: Material agreement
AI summary

Hyperliquid Strategies Inc. (PURR) and Chardan Capital Markets LLC entered into Amendment No. 2 to their ChEF equity purchase agreement on September 14, 2026, redefining the VWAP Purchase Price so that shares sold to Chardan are priced at 98.5% of VWAP for both VWAP and Intraday VWAP purchases. The amendment adjusts equity line financing terms — providing Chardan a 1.5% VWAP discount enabling ongoing at-market equity financing, which is mildly dilutive to existing shareholders.

8-KMaterial agreementSep 18-K — Item 1.01: Material agreement
AI summary

HyperFunds / Hyperliquid Strategies (PURR) filed an 8-K (Item 1.01) disclosing that its ChEF equity facility commitment has been increased from $1.0 billion to $2.5 billion total. This is a $1.5 billion increase in available equity capital. The counterparty and specific use of the new capacity were not detailed in the body excerpt.

8-KPress release / Reg FDAug 278-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

Hyperliquid Strategies Inc. (ticker PURR) furnished its fiscal year 2026 (ended June 30, 2026) annual earnings release and accompanying investor slide presentation as Exhibit 99.1 under Item 2.02. The filing body contains no financial figures — all material results are in the furnished exhibits, which are not reproduced in the body text. Because the exhibits are furnished rather than filed, they are not subject to Section 18 liability. Investors should refer to the Exhibit 99.1 press release and presentation for FY2026 operating and financial results.

S-1/AInitial registrationJul 21S-1/A
8-KOfficer or director changeJun 268-K — Item 5.02: Officer or director change
AI summary

Hyperliquid Strategies Inc. (PURR) entered into an Executive Placement Agreement on June 22, 2026 with SBR Limited (controlled by Jeroen Nieuwkoop) to provide Mr. Nieuwkoop's services as Chief Operating Officer. The arrangement provides annual base remuneration of $400,000, a target annual cash bonus of 100% of base pay, and annual equity awards with a target grant-date fair value of $1,000,000 vesting over three years; two additional RSU tranches were granted at signing. This is a senior leadership appointment at a newly public company — routine executive build-out signaling the company is structuring its management team post-IPO.

S-1/AInitial registrationJun 25S-1/A
+ 14 other (3 13Gs · 2 EFFECTs · 1 ARS · 1 proxy) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Up – Here’s What Happeneddefenseworld.net·15d agoBinance's High-Risk Seed Tag for Hyperliquid: What It Means for Investors247wallst.com·20d agoWhat Changed for Hyperliquid ETFs in September?247wallst.com·20d agoHyperliquid Strategies: Speculating On A New De-Centralized Exchange Ecosystemseekingalpha.com·24d agoWINTON GROUP Ltd Sells 115,177 Shares of Hyperliquid Strategies Inc $PURRdefenseworld.net·28d ago

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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