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Analysis: HYPE Buyback Could Reach Hundreds of Millions Each Quarter, Driving Price Increase

AirdropBlackHole
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On May 24, Forbes author Zennon Kapron pointed out that the recent rise of HYPE is not primarily driven by ETF expectations, but rather by Hyperliquid's built-in buyback mechanism. The article states that Hyperliquid allocates nearly all of its trading fee revenue (totaling over $1.16 billion) through the Assistance Fund to buy back HYPE on the open market. In comparison to the initial tens of millions of dollars in ETF inflows, the protocol's buyback could reach hundreds of millions each quarter, potentially being a more core factor supporting the current price. However, this mechanism also relies on trading volume; if the market declines, both fee revenue and buyback support may weaken simultaneously.
HYPE8.06%
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