Hyperliquid funneled over $1.16 billion into HYPE buybacks
Hyperliquid has used nearly all its trading fee revenue to buy back HYPE.
The company has funneled over $1.16 billion into open-market HYPE buybacks via its Assistance Fund since launch.
This buyback mechanism provides price support, but its effectiveness depends on trading volume.
A market downturn could weaken the price floor by reducing fee revenue.