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Hyperliquid boosts token buybacks with new USDC reserve earnings, supporting HYPE despite recent price drop.

Protocol Fundamentals
11 Oct 2026
CryptoTicker
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Neutral
Hyperliquid boosts token buybacks with new USDC reserve earnings, supporting HYPE despite recent price drop.

Hyperliquid has enhanced its token buyback strategy by adding earnings from USDC reserves to its Assistance Fund, which buys back HYPE tokens using exchange revenue. Since early October 2026, about 90% of the interest earned on USDC reserves flows into this fund, supplementing the trading fees that previously funded buybacks. The first payment was approximately 14.58 million USDC, roughly matching a week's worth of trading fee revenue. Despite these buybacks, HYPE's price has fallen about 5.6% over the past week, reflecting broader market weakness and token unlocking sales. The buyback program supports demand but is not a price floor, as it depends on trading volume and reserve interest rates. Investors should note that Hyperliquid is not licensed under EU MiCA regulations, affecting investor protections and trading routes.

Hyperliquid's HYPE token shows a market cap of Rp387.52 trillion and a 24-hour trading volume of Rp9.34 trillion on Pluang as of Oct 11, 2026 19:51 WIB. Despite the recent buyback program funded by USDC reserve earnings, HYPE's price is Rp1,519,863 with a modest 1-day gain of 0.91%. Pluang data also indicates strong buying interest with 76% buy orders and a typical holding period of 37 days, highlighting active investor engagement amid the token's market dynamics.

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