Hyperliquid received its first 14.58 million USDC payment intended for HYPE token buybacks. This payment falls under the AQAv2 protocol, activated in August 2026, which directs approximately 90% of eligible USDC reserve yields toward buybacks. This initiative represents a strategic shift, as Hyperliquid is no longer relying solely on fees to support its token. Observers anticipate that this recurring liquidity infusion could strengthen demand and positively impact HYPE’s price. Market participants will closely monitor subsequent payments and their impact on the token’s price.
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