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Bitcoin.com
2026-05-25 14:30:39

Hyperliquid Buys Back $1.16B HYPE as Token Price Hits Record Highs

Hyperliquid Buys Back $1.16B HYPE as Token Price Hits Record Highs

Hyperliquid’s HYPE token has surged to record highs, but the rally is being powered less by institutional ETF demand and more by an aggressive protocol-driven buyback system. The mechanism has created a powerful feedback loop tying HYPE’s price directly to trading activity on the exchange. Hyperliquid’s Rally Is Being Driven by Its Buyback Machine, Not

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