📰 Hyperliquid buybacks, not ETFs, may be driving HYPE’s record run
🗓️ May 24 2026 11:15 UTC
Hyperliquid has used over $1.16b in fees to buy HYPE, raising fresh questions over ETF demand, trading volume risk and token support today.
➤ Hyperliquid's native token HYPE has seen a record rally, primarily driven by the protocol's built-in buyback system using over $1.16 billion in trading fees, rather than solely ETF demand.
➤ The Assistance Fund mechanism automatically uses 99% of trading fee revenue to purchase HYPE on the open market, creating a consistent demand channel.
➤ The sustainability of HYPE's rally is dependent on maintaining high trading volume, as a drop in volume would reduce fee revenue and consequently weaken the buyback support.
#hyperliquid #hype #tokenbuybacks #assistancefund #tradingfees #etfdemand #defi #marketcap #tradingvolume #protocolmechanism
🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-hyperliquid-buybacks-not-et-fs-may-be-driving-hyp-es-record-run-2485045362
RWATimes.io
npub13n…st9j0
2026-05-25 00:33:28 CEST
Author Public Key
npub13nzw3l59yt5pv2jvz74dr87l3c7fmeja7fdtv8ve7cceaz3krzjsxst9j0Published at
2026-05-25 00:33:28 CESTEvent JSON
{
"id": "ef3590fc1028beb66a0f23fb466b9dd14b8ace1341ffa93d2cb0131a85128cf1",
"pubkey": "8cc4e8fe8522e8162a4c17aad19fdf8e3c9de65df25ab61d99f6319e8a3618a5",
"created_at": 1779662008,
"kind": 1,
"tags": [],
"content": "📰 Hyperliquid buybacks, not ETFs, may be driving HYPE’s record run\n🗓️ May 24 2026 11:15 UTC\n\nHyperliquid has used over $1.16b in fees to buy HYPE, raising fresh questions over ETF demand, trading volume risk and token support today.\n\n➤ Hyperliquid's native token HYPE has seen a record rally, primarily driven by the protocol's built-in buyback system using over $1.16 billion in trading fees, rather than solely ETF demand.\n➤ The Assistance Fund mechanism automatically uses 99% of trading fee revenue to purchase HYPE on the open market, creating a consistent demand channel.\n➤ The sustainability of HYPE's rally is dependent on maintaining high trading volume, as a drop in volume would reduce fee revenue and consequently weaken the buyback support.\n\n#hyperliquid #hype #tokenbuybacks #assistancefund #tradingfees #etfdemand #defi #marketcap #tradingvolume #protocolmechanism\n\n🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-hyperliquid-buybacks-not-et-fs-may-be-driving-hyp-es-record-run-2485045362",
"sig": "793b2774e860d7abf6942080b1444487541ea37d8ba24d76f44637a58a71a74237b786627c0c3104edfb1bda8afa7470e8ee22bdb50d5d4b34fe81effe8ec631"
}