Hyperliquid (HYPE) Buybacks Surpass $500M Amid Bullish Rebound Prospects

Hyperliquid's aggressive buyback strategy has now eclipsed $521 million, effectively removing 5.6% of circulating supply from the market. The protocol's sustained accumulation since March demonstrates rare fiscal discipline in the volatile crypto sector, with $108 million repurchased in the past month alone.

Currently trading at $38.29 after a 7.96% dip, HYPE shows technical resilience as on-chain metrics signal growing institutional conviction. Market observers note the buyback program's price-supportive mechanics could catalyze a rebound toward $50, particularly with protocol revenues funding continued supply reduction through 2025.

The consistent absorption of liquid supply creates favorable conditions for bulls, with Tobias Reisner's latest data showing $3 million in daily buybacks. Such systematic demand generation distinguishes Hyperliquid from typical meme-driven altcoins, positioning it as a structurally sound asset in decentralized finance.