交易王
09/05 10:27
Will daily buybacks trigger HYPE’s breakout
Hyperliquid – Will daily buybacks trigger HYPE’s breakout above $50?
HYPE’s latest correction attracted discount buyers on the spot market.
Hyperliquid’s buyback program has crossed 30M HYPE tokens. Will it boost the altcoin’s recovery chances? 
Hyperliquid’s [HYPE] price has consolidated within the $36-$50 price range for over two months now after an explosive +400% rally in H1 2025. In fact, market watchers have projected that the altcoin could print a breakout above $50 amid bullish catalysts.
In a recent Bloomberg interview, for instance, David Schamis, a VC partner at Atlas Merchant Capital, highlighted one of the positive catalysts. “The exchange (Hyperliquid) generates revenue and buys the token every day…A massive burn rate, unlike BTC or ETH.”
At the time, he was referring to the buyback program, with the same hitting over 30 million HYPE. This supply drop could help boost HYPE’s value.
On 3 September, the exchange bought nearly 50k HYPE worth over $2 million or over 99% of the daily revenue.
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