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[$888m](/topic/$888m)

### Sentiment: XX%
![Sentiment Line Chart](https://lunarcrush.com/gi/w:600/t:$888m/c:line/m:sentiment.svg)  
[Sentiment 24-Hour Chart Data](/topic/$888m/time-series/sentiment.tsv)  
**Current Value**: XX%  
**Daily Average**: XX%  
**1 Month**: XX% +73%  
**1-Year High**: XXX% on 2025-05-06  
**1-Year Low**: X% on 2025-06-03  

**Most Supportive Themes**
- **Merger and HYPE Treasury Announcement:** (50%) The announcement of Sonnet BioTherapeutics merging with Rorschach I LLC to launch a $HYPE cryptocurrency treasury, backed by prominent investors.
- **Institutional Crypto Adoption:** (15%) Positive sentiment surrounding the potential for institutional adoption of crypto and the growth of the Hyperliquid ecosystem, due to the merger.
- **Positive impact on $SONN stock:** (10%) Excitement about the potential of $SONN stock due to the $888M deal
  
**Most Critical Themes**
- **Concerns about dilution and regulatory risks:** (15%)  Concerns about dilution and regulatory risks related to the merger of Sonnet BioTherapeutics and Rorschach I LLC to form Hyperliquid Strategies Inc.
- **Skepticism of the merger:** (10%)  Skepticism and critiques of the merger, questioning the valuation and the motives behind the move into crypto.
  
Network engagement breakdown:  
| Network | Positive | %   | Neutral | %   | Negative | %  |
| ------- | -------- | -   | ------- | -   | -------- | -  |
| X       | XXXXX    | XX% | XXXXXX  | XX% | XX       | X% |
| News    | X        | X%  | X       | X%  | X        | X% |
| YouTube | X        | X%  | X       | X%  | X        | X% |
| Reddit  | X        | X%  | X       | X%  | X        | X% |
|         |          |     |         |     |          |    |
| Total   | XXXXX    | XX% | XXXXXX  | XX% | XX       | X% |