Hyperliquid (HYPE) reached an all-time high of $84.80 on Thursday, its second record in seven days, with a market cap nearing $19 billion. The protocol activated its AQAv2 reserve yield program on August 26, with roughly 90% of the cost-adjusted yield on $6.74 billion in USDC deposits now funding HYPE buybacks, representing approximately $182 million per year under a 3% yield scenario. President Donald Trump stated on August 20 that Hyperliquid could be available in the US soon, with the CFTC already working on a compliant pathway. On the technical side, the $77 breakout confirmed on the weekly chart, combined with a weekly RSI at 70, opens the path toward the next resistance at $92.37.
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