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Hyperliquid spent over $1.16 billion buying back HYPE token, and Forbes contributor Zennon Kapron says that the automatic buyback engine is pushing prices higher. Most people credit the HYPE token’s sharp rally to ETF expectations. However, Forbes contributor Zennon Kapron points to a stronger reason. Hyperliquid has been quietly spending more than $1.16 billion to […] The post The Real Reason HYPE Exploded? Hyperliquid’s Billion-Dollar Buybacks appeared first on Live Bitcoin News.
Read full articleHyperliquid's rise signals a shift towards decentralized finance, challenging centralized exchanges and reshaping the derivatives trading landscape. The post Hyperliquid hits record 7% share of aggregate perp open interest appeared first on Crypto Briefing.
The post HYPE Brothers Wax, ETH Brothers Wane appeared on BitcoinEthereumNews.com. Key Takeaways. Bitcoin lost $80K as ETF demand cooled; Glassnode sees resistance, with October bottom eyed. Ethereum saw 8 EF exits and 31% staking; Bankless turmoil may spur a new ETH org. Hyperliquid’s HYPE rose 50% on $11M fees; CME pressure and ETF flows are next tests. Bitcoin spent the week grinding downward after losing the $80,000 level, finishing Friday just below $77,000. Ethereum and altcoins went sideways, with a few select outliers printing green candles. The very concentrated stock indices pushed higher once again, while precious metals continued consolidating. Meanwhile, bond markets in both the U.S. and Japan showed more signs of weakness as yields climbed even higher. Bitcoin is currently battling heavy overhead technical and institutional resistance. Glassnode corroborated this cautious outlook, noting that weakening spot demand, slowing ETF inflows, and overcrowded long positions are a
This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Key Takeaways. Bitcoin lost $80K as ETF demand […]
The post HYPE Surges To New All-Time High $63 As Whale Long Explodes Past $33 Million Profit appeared on BitcoinEthereumNews.com. HYPE briefly blasted over the $63 mark, hitting a new all-time high and continuing one of the strongest momentum trends in crypto markets. HYPE just hit a new all-time high again! A newly created wallet withdrew 63,780 $HYPE($4.06M) from #Bybit.https://t.co/MQK84yvkIN pic.twitter.com/If6oVbDTQQ — Lookonchain (@lookonchain) May 24, 2026 Over the span of eighteen months this asset has gone from approximately $2 to nearly $63 in a meteoric rise, with this latter rally lifting HYPE ~13% over 24 hours. Quickly, this surge has translated into massive gains for long-time holders and excessive-flying leveraged merchants alike, who are now some of the greatest winners of this market cycle. As the token reached new highs, blockchain data revealed that a major whale identified as wallet “0x082” now holds more than $33.3 million in floating profit from a highly leverage
The post Hyperliquid buybacks, not ETFs, may be driving HYPE’s record run appeared on BitcoinEthereumNews.com. Hyperliquid’s native token HYPE has extended its record rally as new analysis points to the protocol’s built-in buyback system as a main driver behind the move, rather than ETF demand alone. Summary Hyperliquid has routed over $1.16 billion in trading fees into open-market HYPE purchases since launch. DefiLlama says 99% of perps and spot revenue goes to the Assistance Fund buyback mechanism. HYPE hit $64.23 on May 24 as crypto.news data showed strong weekly and monthly gains. Forbes contributor Zennon Kapron argued that HYPE’s latest run is tied closely to Hyperliquid’s Assistance Fund, a protocol mechanism that uses trading fee revenue to buy HYPE in the open market. His report said Hyperliquid has used more than $1.16 billion in fee revenue for token purchases since launch. The model differs from a normal company buyback. Hyperliquid does not run the process through a board
Hyperliquid has used over $1.16b in fees to buy HYPE, raising fresh questions over ETF demand, trading volume risk and token support today.
The other massive gainers today include NEAR, WLD, MORPHO, and ONDO.
A wallet linked to prominent crypto fund manager Arthur Hayes deposited 115,453 HYPE tokens worth $6.33 million into Bybit, just weeks after he publicly called for the token to reach $150. The $150 Call vs. the Bybit Deposit A wallet attributed to Arthur Hayes, co-founder of the BitMEX derivatives exchange and managing partner of crypto […]
