---
title: "Sonnet ditches biotech dreams to anchor a $583m HYPE token reserve"
url: https://diffcoin.com/sonnet-ditches-biotech-dreams-to-anchor-a-583m-hype-token-reserve/
description: "Sonnet BioTherapeutics is no longer just a cancer drug developer. Its $888 million merger will place it among the largest HYPE holders, blurring the lines…"
published: 2025-07-14
updated: 2025-07-14
author: "Mila"
site: "Diffcoin"
---

# Sonnet ditches biotech dreams to anchor a $583m HYPE token reserve

Sonnet BioTherapeutics is no longer just a cancer drug developer. Its $888 million merger will place it among the largest HYPE holders, blurring the lines between traditional finance and decentralized protocols in a high-stakes treasury experiment. According to a July… 
 
[Source link](https://crypto.news/sonnet-ditches-biotech-dreams-to-anchor-a-583m-hype-token-reserve/)