CryptoWorld News reports that Hyperliquid’s support fund has broken through the $2 billion milestone for the first time. The fund allocates 97% of protocol fees to ongoing market purchases, automatically removing HYPE tokens from circulation. By May 2026, the fund has spent more than $1.3 billion to repurchase HYPE, holding about 28.5 million tokens, with a peak value of $1.5 billion. Hyperliquid’s repurchase intensity is 4 to 5 times that of Ethereum and BNB, showing its unique token economic model.

HYPE-9.62%
ETH-4.43%
BNB-3.35%
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RektRecoveryCoach
· 11h ago
I took a look at the data. At the current price, the 28.5 million coins still shouldn’t have reached 1.5 billion yet. The coin price has pulled back quite a bit.
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DaoScraps
· 22h ago
Compared to other public blockchains, Hyperliquid's buyback strength is truly unmatched, maximizing capital efficiency.
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MintCondition
· 22h ago
HYPE's move has clarified the tokenomics, with automatic burns and continuous buying pressure, naturally reducing selling pressure.
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GlassDomeRoaming
· 22h ago
Peak of 1.5 billion, what is the current market value? Whether it's unrealized gains or losses is quite important.
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GasUnderTheMoonlight
· 22h ago
97% of the fees are used for buybacks, and the project team hardly retains any profit; the long-term sustainability is questionable.
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