Hyperliquid's HYPE Holds Near $87 After Pullback From $98 Peak
- —HYPE near $86.90, down 3.5% on the day, 24h range $86.71–$90
- —Market cap about $22.1 billion on $767 million daily turnover; FDV near $82.6 billion
- —Price is roughly 11% below the September 23 peak of $97.96
- —99% of protocol trading fees flow to the Assistance Fund, which buys and burns HYPE
Why it matters: The buyback ties token demand to trading activity but offers no price floor, leaving holders exposed when volumes cool.
Source: The Crypto Times