Hyperliquid buybacks, not ETFs, may be driving HYPE’s record run

The non-outflow streak has extended to over three weeks now.

Hyperliquid's rapid volume surge highlights the growing influence of prediction markets, potentially reshaping trading dynamics and regulatory focus. The post Hyperliquid matches Polymarket’s BTC binary volume in 2 weeks appeared first on Crypto Briefing.

The post Hyperliquid (HYPE) Tanks 25%, But the Price is Somehow Up appeared on BitcoinEthereumNews.com. On paper, Hyperliquid’s tokenomics appear contradictory at this time. Due to dilution pressure and unlock-related worries, HYPE effectively lost about 25% of its value, but the market still drove the token to new all-time highs above $63. That seems illogical until you consider the actual pricing strategies used by traders. Hyperliquid’s unending revenue stream Fully diluted valuation is the main problem. The market is aware that millions more tokens are still planned to unlock over time, and HYPE’s circulating supply is still far below its maximum supply. Although only a small portion of the supply is actively traded, CoinGecko data indicates that the project’s FDV already exceeds $60 billion.  HYPE/USDT Chart by TradingView Momentum is usually destroyed by that kind of setup. There are numerous tokens in cryptocurrency history that experienced early rallies, later supply unlocks, a

Hyperliquid's rise signals a shift towards decentralized finance, challenging centralized exchanges and reshaping the derivatives trading landscape. The post Hyperliquid hits record 7% share of aggregate perp open interest appeared first on Crypto Briefing.

The post HYPE Brothers Wax, ETH Brothers Wane appeared on BitcoinEthereumNews.com. Key Takeaways. Bitcoin lost $80K as ETF demand cooled; Glassnode sees resistance, with October bottom eyed. Ethereum saw 8 EF exits and 31% staking; Bankless turmoil may spur a new ETH org. Hyperliquid’s HYPE rose 50% on $11M fees; CME pressure and ETF flows are next tests. Bitcoin spent the week grinding downward after losing the $80,000 level, finishing Friday just below $77,000. Ethereum and altcoins went sideways, with a few select outliers printing green candles. The very concentrated stock indices pushed higher once again, while precious metals continued consolidating. Meanwhile, bond markets in both the U.S. and Japan showed more signs of weakness as yields climbed even higher. Bitcoin is currently battling heavy overhead technical and institutional resistance. Glassnode corroborated this cautious outlook, noting that weakening spot demand, slowing ETF inflows, and overcrowded long positions are a

The post HYPE Surges To New All-Time High $63 As Whale Long Explodes Past $33 Million Profit appeared on BitcoinEthereumNews.com. HYPE briefly blasted over the $63 mark, hitting a new all-time high and continuing one of the strongest momentum trends in crypto markets. HYPE just hit a new all-time high again! A newly created wallet withdrew 63,780 $HYPE($4.06M) from #Bybit.https://t.co/MQK84yvkIN pic.twitter.com/If6oVbDTQQ — Lookonchain (@lookonchain) May 24, 2026 Over the span of eighteen months this asset has gone from approximately $2 to nearly $63 in a meteoric rise, with this latter rally lifting HYPE ~13% over 24 hours. Quickly, this surge has translated into massive gains for long-time holders and excessive-flying leveraged merchants alike, who are now some of the greatest winners of this market cycle. As the token reached new highs, blockchain data revealed that a major whale identified as wallet “0x082” now holds more than $33.3 million in floating profit from a highly leverage

The post Hyperliquid buybacks, not ETFs, may be driving HYPE’s record run appeared on BitcoinEthereumNews.com. Hyperliquid’s native token HYPE has extended its record rally as new analysis points to the protocol’s built-in buyback system as a main driver behind the move, rather than ETF demand alone. Summary Hyperliquid has routed over $1.16 billion in trading fees into open-market HYPE purchases since launch. DefiLlama says 99% of perps and spot revenue goes to the Assistance Fund buyback mechanism. HYPE hit $64.23 on May 24 as crypto.news data showed strong weekly and monthly gains. Forbes contributor Zennon Kapron argued that HYPE’s latest run is tied closely to Hyperliquid’s Assistance Fund, a protocol mechanism that uses trading fee revenue to buy HYPE in the open market. His report said Hyperliquid has used more than $1.16 billion in fee revenue for token purchases since launch. The model differs from a normal company buyback. Hyperliquid does not run the process through a board

The other massive gainers today include NEAR, WLD, MORPHO, and ONDO.