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Hyperliquid faces new token supply but buybacks and upgrades support HYPE's long-term demand.

Protocol Fundamentals
05 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Hyperliquid recently saw a large unstaking of 519,480 HYPE tokens worth $28.56 million, increasing token supply and trading at a discount. Despite this, tokens have not flooded exchanges, as ongoing buybacks funded by fees and the Assistance Fund continue to create demand and burn tokens. Upcoming protocol upgrades like AQAv2 will diversify revenue streams and increase locked supply, strengthening HYPE's utility and demand. The market's balance now depends on sustained ecosystem growth rather than short-term supply changes.

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