🔥 HYPE Buybacks Hit $69 Million — Even During a Market Drop!
Hyperliquid continues buying back its native HYPE token using platform revenue.
Here's the latest update:
• Around $69 million in HYPE buybacks were recorded over the 30 days ending November 10.
• Total recorded buybacks have reached approximately $1.41 billion.
• The protocol uses eligible trading fees to fund these purchases.
• Daily buybacks continued on November 11, according to public tracking data.
• Despite this activity, HYPE recently faced market pressure.
Why it matters: Hyperliquid continues generating revenue and buying back tokens, but buybacks do not guarantee price increases.
$HYPE
.
.
.
.
#Hyperliquid #Crypto
Not financial advice. DYOR.
Hyperliquid continues buying back its native HYPE token using platform revenue.
Here's the latest update:
• Around $69 million in HYPE buybacks were recorded over the 30 days ending November 10.
• Total recorded buybacks have reached approximately $1.41 billion.
• The protocol uses eligible trading fees to fund these purchases.
• Daily buybacks continued on November 11, according to public tracking data.
• Despite this activity, HYPE recently faced market pressure.
Why it matters: Hyperliquid continues generating revenue and buying back tokens, but buybacks do not guarantee price increases.
$HYPE
.
.
.
.
#Hyperliquid #Crypto
Not financial advice. DYOR.
