Analyst: Binance threatens Hyperliquid revenue and the HYPE price
- —Token buybacks pushed HYPE to an all-time high
- —The CoinMarketCap analyst sees a threat to Hyperliquid's revenue from Binance
- —HYPE buybacks depend on the protocol's fee flow
Why it matters: If Binance pulls away volume and fees, HYPE buybacks will shrink, a direct risk to the token's price.
Source: Cointelegraph