Hyperliquid bought and burned 112,580 HYPE tokens worth $10.15 million, funded by the AQAv2 framework which generated $14.5 million in USDC revenue from interest on idle deposits. The HYPE token broke through the $91 resistance to reach $93.7, up 3.5% on the day, with trading volume rising 52%. The protocol still has $4.4 million available for additional market buybacks. However, net spot market flows reached $4.3 million as investors cashed out gains, creating selling pressure that could push HYPE back to $91 if not absorbed by the market.
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
