Hyperliquid Buyback Fuels HYPE’s Push Toward $50 Breakout
Hyperliquid’s native token HYPE is gaining renewed attention as its aggressive buyback program sparks speculation of a breakout above $50. The decentralized derivatives exchange has seen its token consolidate between $36 and $50 for over two months after a 400% rally in early 2025.
Market data reveals a trend of accumulation rather than distribution, with holders moving tokens off exchanges during pullbacks. The buyback initiative, combined with growing retail and institutional interest, could catalyze the next bullish phase.