HYPE Falls 15% in a Month but Analysts Are More Bullish on It Than on BTC or SOL
- —HYPE trades at $76.55 with a market cap of about $17 billion
- —On October 6 the Hyperliquid team received 3.75 million HYPE, worth $340 million at the time
- —Buybacks totaled $71 million over 30 days, roughly a fifth of that payout
- —Leveraged longs lost $688.56 million in forced liquidations this month
Why it matters: The token's next move hinges on whether daily buybacks can absorb team selling and whether the $75.14 support level holds.
Source: BeInCrypto AR