Hyperliquid Allocates $14.58M USDC to Buy Back HYPE
- —USDC reserve yield program transferred $14.58 million for HYPE buyback
- —The payment is independent of trading volume
- —Funds are still held at the interest collection address pending transfer
- —The support fund buys and burns the native HYPE token
Why it matters: Regular buybacks and burns reduce HYPE supply, supporting the token's price.
Source: ForkLog