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HYPE price drops nearly 5% despite $1.36B buyback by Hyperliquid’s Assistance Fund

Market News
13 Oct 2026
Crypto news
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Neutral
HYPE price drops nearly 5% despite $1.36B buyback by Hyperliquid’s Assistance Fund

Hyperliquid’s Assistance Fund has spent $1.36 billion buying over 48 million HYPE tokens, yet the price fell nearly 5% to around $81.20 in 24 hours. Trading volume surged 59% to $931.56 million, but technical indicators show weakening momentum and potential resistance near $85. The Assistance Fund supports buybacks through trading fees and USDC reserve income, burning purchased tokens to reduce supply. Despite strong buyback activity and revenue growth, HYPE remains below its late-September peak, facing key support at $80.26 and resistance zones up to $98. U.S. investors access HYPE via listed funds, while institutional deals continue off-market.

HYPE token price and buyback activity provide context for market conditions. For readers following major cryptocurrencies on Pluang, as of Oct 13, 2026 23:03 WIB, 12 of 50 major cryptocurrencies rose while 37 fell. Notable movers include BAL at Rp16.297 with an 11.14% increase, ONE at Rp30 dropping 10.46% with 83% sell order activity, and EOS at Rp12.649 rising 8.13%.

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