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Opinion: HYPE's buyback scale can reach hundreds of millions of dollars per quarter, serving as the main driver to boost the token price
Compared to the initial ETF inflow of tens of millions of dollars, the protocol buyback scale can reach hundreds of millions of dollars per quarter, which may be a more core factor supporting the current price. However, this mechanism also depends on trading volume; if the market declines, fee income and buyback support may weaken simultaneously.