Hyperliquid is gaining momentum, fueled by its massive buyback program, strong revenue generation, and growing institutional interest.
Hyperliquid has accounted for nearly half of all token buyback activity across the crypto market in 2025, according to a new report from Citrini Research, which has highlighted the decentralized exchange's revenue model as one of the strongest in the
HYPE rebounded over 10% after last weeks selloff as Citrini called Hyperliquid compelling for its cash flow and buybacks. Citrini puts Hyperliquid on watch as HYPE jumps over 10% from Sunday lows.
Unlike most crypto, Hyperliquid actually generates cash flow and has a token buyback mechanism, says Citrini Research
HYPE price has surged 12% on Monday after Coinbase activated its role as the official USDC treasury deployer on Hyperliquid, a move that could direct more revenue toward the protocol's token buyback system.
Arthur Hayes has denied purchasing Hyperliquid (HYPE) tokens after blockchain analytics platform Lookonchain reported that a wallet allegedly connected to the BitMEX co-founder withdrew 33,978 HYPE, worth approximately $2.09 million, from crypto exchange Bybit on June 8. According to Lookonchain, the transaction suggests an average acquisition price of around $61.50 per HYPE token.
HYPE's record TVL suggests the latest rebound may be backed by more than just Arthur Hayes' dip-buy.
Hyperion DeFi's strategic pivot highlights the volatility and risks in relying on unstable stablecoins, prompting a shift to more resilient assets. Hyperion DeFi unwinds $29M in HYPE deals with Felix, Native Markets as USDH sunsets.
A little-known segment of the cryptocurrency world is reportedly attracting attention amid a market downturn. “HYPE” exchange-traded funds (ETFs) have begun taking in new assets from investors even as the price of bitcoin falls, CNBC reported Saturday (June 6).
Arthur Hayes warned that Hyperliquid's core value driver—using trading fees to burn tokens—exposes the protocol to market share losses.
Aster crypto fell nearly 8% amid market weakness, while Hyperliquid faced selling pressure from a $700 million token unlock.
Roughly 800,000 HYPE will return to the company's treasury for redeployment to "more profitable" strategies, per a Friday filing.