HYPE surged to a record high of $62, but the real reason behind this isn't an ETF. Hyperliquid has poured almost all of its transaction fees into buybacks, totaling $1.16 billion. This support of hundreds of millions of dollars every quarter far surpasses the initial inflow of funds into ETFs, and this is the core reason for the price's resilience. Arthur Hayes has directly set a target price of $150, and the platform's large contract holdings have reached a staggering $4.42 billion. HYPE is currently riding a wave of hype, fueled by buyback support, endorsements from influential figures, and speculative trading. However, don't forget that the key to this surge is trading volume. Once the market cools down, the buyback support will diminish. The more explosive the rise, the more severe the subsequent pullback will be
HYPEUSDT
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