Hyperliquid, a perpetuals exchange, has received $14.6 million in USDC yield intended for HYPE token buybacks. These funds will be transferred to Hyperliquid’s Assistance Fund, a mechanism designed to buy back and burn HYPE tokens to enhance their value. This revenue stems from the AQAv2 mechanism, which allocates approximately 90% of cost-adjusted USDC reserve yield to the fund. Market sentiment remains positive, with a 68% probability that the HYPE token will reach $100 by the end of 2026. Market participants will closely monitor the fund’s upcoming buyback activities.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
