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Hyperliquid's HYPE token dips after Paradigm unstakes but buybacks may support price above $75.

Technical Signals
03 Nov 2026, 06:00 WIB
AMBCrypto
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Neutral
Hyperliquid's HYPE token dips after Paradigm unstakes but buybacks may support price above $75.

Hyperliquid's HYPE token briefly surged to $97 following a partnership announcement with Intercontinental Exchange for a US futures market but has since cooled off. Paradigm unstaked 17.85% of its HYPE holdings, raising potential selling pressure, though these tokens have not been sold yet. Meanwhile, Hyperliquid's strategic buybacks funded by USDC yields and revenue, including over $87 million collected in October, may counteract selling. The market structure remains bullish above $75, with potential to revisit $80 or target $98 if support holds.

As of Nov 03, 2026 11:22 WIB, HYPE trades at Rp1.514.413 on Pluang, down 5.75% in the past day. Despite the recent sell-off, Pluang data shows a strong buy interest with 65% of orders favoring purchases and a typical holding period of 38 days, indicating some investor confidence. The circulating supply of 253.4 million HYPE tokens represents only 27% of the total supply, which may influence price dynamics amid the ongoing strategic buybacks and unstaking events.

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