🐱 HYPE treasury company is buying back shares while whales are shorting—who will win?
📌 Hyperliquid Strategies (PURR) announced that it has increased its buyback authorization from $30 million to $100 million, with about $72 million remaining. The deadline has been extended to October 31, 2027. The company holds about 38.8 million $HYPE , worth roughly $2.96 billion.
📉 But PURR’s share price has fallen more than 30% from its October high, while HYPE is down about 22% from its peak.
🐻 Meanwhile, Lookonchain reports that the largest on-chain HYPE short (0xf02d) holds a short position of 715,000 tokens, worth about $54.57 million. It’s sitting on $5.56 million in unrealized profit, plus roughly $620,000 earned from funding rates.
⚖️ My take:
• Buybacks support the company’s share price, but don’t mean the token price will necessarily rebound—and the company has explicitly said it does not guarantee a specific buyback amount.
• With the whale sitting on unrealized gains, a rebound could also provide fuel for a short squeeze.
• On the macro front, Brent crude is at $117 and the 10-year US Treasury yield is nearing 5%, pointing to weak risk appetite. The direction of $BTC also affects HYPE.
👉 Are you backing the buyback or the whale short? Let’s discuss in the comments 👇
#HYPE #Hyperliquid #CryptoMarket
Personal opinion only; not investment advice
📌 Hyperliquid Strategies (PURR) announced that it has increased its buyback authorization from $30 million to $100 million, with about $72 million remaining. The deadline has been extended to October 31, 2027. The company holds about 38.8 million $HYPE , worth roughly $2.96 billion.
📉 But PURR’s share price has fallen more than 30% from its October high, while HYPE is down about 22% from its peak.
🐻 Meanwhile, Lookonchain reports that the largest on-chain HYPE short (0xf02d) holds a short position of 715,000 tokens, worth about $54.57 million. It’s sitting on $5.56 million in unrealized profit, plus roughly $620,000 earned from funding rates.
⚖️ My take:
• Buybacks support the company’s share price, but don’t mean the token price will necessarily rebound—and the company has explicitly said it does not guarantee a specific buyback amount.
• With the whale sitting on unrealized gains, a rebound could also provide fuel for a short squeeze.
• On the macro front, Brent crude is at $117 and the 10-year US Treasury yield is nearing 5%, pointing to weak risk appetite. The direction of $BTC also affects HYPE.
👉 Are you backing the buyback or the whale short? Let’s discuss in the comments 👇
#HYPE #Hyperliquid #CryptoMarket
Personal opinion only; not investment advice