$HYPE just hit a new ATH at $74

At this point, is it already in its own bullrun or what? 😭

Current narratives point to more than $130M of net inflows into HYPE ETFs over the last 11 days, alongside the protocol’s buyback mechanism which uses part of the generated revenue to repurchase tokens from the market.

That naturally creates additional buying pressure and a more deflationary dynamic around the token.

Some people also attribute the move to a broader rotation toward assets with actual utility and revenue generation.

Whatever the reason, one thing is clear: the trend has been going on for quite some time now, and the chart keeps printing new highs.