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HYPE token hits new high amid $646.6M capital raise and $182M annual buyback plan

Protocol Fundamentals
28 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

The HYPE token reached a new all-time high of $84.80 after a 40% weekly gain and breaking the $77 resistance. Hyperliquid Strategies increased its holdings to 29.3 million HYPE tokens following a $646.6 million capital raise. The company activated an AQAv2 reserve yield initiative to fund approximately $182 million in annual HYPE token buybacks starting October. Regulatory progress includes potential US market access with a CFTC compliance framework in development. Technical analysis shows resistance near $89.23 and a possible overbought condition, while a large token unlock event looms on August 29, adding volatility risk.

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