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Hyperliquid's HYPE token rises 5% amid crypto market slump due to buyback and burn mechanism.

Protocol Fundamentals
13 Nov 2026, 17:41 WIB
CryptoTicker
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Bullish
Hyperliquid's HYPE token rises 5% amid crypto market slump due to buyback and burn mechanism.

Despite a broad crypto market decline with Bitcoin falling below $70,000, Hyperliquid's HYPE token gained around 5% in 24 hours. This relative strength is driven by Hyperliquid's unique buyback and burn program, which uses trading fees to continuously buy back HYPE tokens and permanently remove some from circulation, supporting price stability especially in weak markets. However, the program's effectiveness depends on trading volume and the platform's success, and HYPE remains volatile with risks tied to market conditions and competition. Investors should consider the underlying business and store tokens securely if holding long-term.

Hyperliquid's HYPE token shows strong market interest with a 24-hour trading volume of Rp20,52 trillion and a market cap of Rp334,22 trillion as of Nov 13, 2026, 23:04 WIB. On Pluang, HYPE trades at Rp1.333.062, up 2.99% in the last day, with buyers making up 77% of order activity. The typical hold time on Pluang is 38 days, indicating moderate investor confidence in the token's prospects.

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