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HYPE Token Climbs on Buybacks, Eyes $45 After Whale Surge
HYPE Token Climbs on Buybacks, Eyes $45 After Whale Surge
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BTCCSquare news:
Hyperliquid's HYPE token is demonstrating remarkable resilience in a neutral crypto market, with its price trajectory defying broader stagnation. The asset has surged 300% since April, currently trading at $38.77 despite a minor 0.71% daily dip, supported by $239.75 million in daily volume and a $12.88 billion market cap.
Whale activity has been pivotal to HYPE's momentum, with $2.5 million in large purchases fueling its ascent. The token's buyback mechanism and Hyperliquid's dominance in decentralized perpetual trading—commanding 70% market share—have solidified its position. With $1.75 billion in TVL, the Layer-1 chain underscores growing institutional confidence.
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