Hyperliquid HYPE Hits All-Time High of $62, Driven by Protocol Buyback Mechanism

HYPE9.24%
According to Forbes, Hyperliquid's native token HYPE reached an all-time high of $62 recently. While market participants attributed the surge to inflows from the first batch of U.S. spot ETFs, the true driver is the protocol's built-in token buyback mechanism, according to analysis.
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