Hyperliquid has secured its first $14.58 million USDC payment to support buybacks of its HYPE token through the AQAv2 protocol, which started in August 2026. This protocol allocates about 90% of eligible USDC reserve yield to buybacks, aiming to boost HYPE token liquidity and market value beyond fee reliance. The move is expected to create a steady revenue stream and improve market sentiment, with investors watching for future payments and strategic updates that could further impact HYPE's price and demand.
Hyperliquid's recent $14.58 million USDC buyback initiative comes as its HYPE token trades at Rp1.678.462 on Pluang, showing a strong 4.33% gain in the past day as of Oct 05, 2026 15:12 WIB. The token's market cap stands at Rp413,25 trillion, with a 24-hour trading volume of Rp11,16 trillion, reflecting active investor interest. Notably, 74% of Pluang's order activity is buying, indicating positive sentiment around HYPE amid these strategic buybacks.
Hyperliquid operates a unique crypto trading platform with its order book on its own layer-1 blockchain, focusing on perpetual futures and spot markets. Its native token, HYPE, priced at $81.42 as of October 21, 2026, ranks 11th in crypto market valu...
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