Hyperliquid’s native token, HYPE, is hovering near a critical level after a volatile 24-hour stretch. The token has climbed 2.9% to trade around $42.427, briefly touching a high of $43.584 before pulling back. This price action places HYPE right below a key resistance zone, with traders watching closely to see whether the asset can push decisively above $44. Buybacks and revenue strength support more gains One of the main drivers behind HYPE’s recent stability is continued buying activity from the Hyperliquid Assistance Fund. On April 26, the fund purchased approximately 13,000 HYPE worth $500,000. This forms part of an ongoing buyback and burn program designed to reduce available supply and provide consistent demand.
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