Hyperliquid Buys Back HYPE Daily, Keeping Token Near Highs
- —Hyperliquid buys back HYPE daily using protocol revenue
- —Cumulative protocol revenue has surpassed $1.4 billion
- —About $1.26 billion has been spent on token buybacks
- —HYPE trades near its all-time high
Why it matters: Continuous buybacks reduce HYPE's circulating supply and support its price, making the token attractive to holders as protocol revenue grows.
Source: Google News (crypto query)