$HYPE BUYBACK ENGINE JUST TOOK THE SPOTLIGHT 🚨

Forbes contributor Zennon Kapron says the recent $HYPE surge is being driven less by ETF expectations and more by Hyperliquid’s built-in buyback mechanism. The protocol’s Assistance Fund has reportedly used nearly all transaction fee revenue, over $11.6B accumulated, to buy back $HYPE on the open market.

This is whale-grade structural demand, not casual hype.

ETF inflows were described as relatively small early on, while protocol buybacks could scale into hundreds of millions per quarter. Key risk: if trading volume fades in a bearish market, fee revenue and buyback support can weaken together.

Not financial advice. Manage your risk.

#HYPE #Hyperliquid #Crypto #Altcoins #DeFi

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