Hyperliquid HYPE Token Breaks Record Above $62 with Buyback Support
— Coin Türk
HYPE token has set a record above $62 with buyback support.
Hyperliquid's HYPE token has reached a record high above $62, thanks to automatic buybacks from the Assistance Fund.
- HYPE token surpassed $62 due to the Assistance Fund's volume-based buyback model, which had a greater impact than ETF inflows.
- While buybacks have decreased by 40% over the last two quarters, the HYPE price continues to rise.
- If trading volume declines, there is a significant risk of weakening price support for HYPE.
The buyback support for HYPE token could influence the supply-demand balance by driving up prices; however, a potential drop in trading volume may exert pressure on prices.