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Hyperliquid's HYPE token sees $82M staked by Multicoin Capital, boosting price to $43 amid shrinking supply.

Protocol Fundamentals
05 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Multicoin Capital staked 1.96 million HYPE tokens worth $82.06 million, signaling strong institutional interest in Hyperliquid. This staking, combined with ongoing token buybacks totaling $2 billion in burned HYPE, has reduced circulating supply and supported price stability. As a result, HYPE's price rose to $43.18, breaking resistance levels and showing bullish momentum, though downside risks remain. If current trends continue, HYPE could target $50, but active sell-side pressure could threaten its $40 support level.

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