Hyperliquid HYPE Hits All-Time High of $64.32 Amid $1.16 Billion Buyback on May 24

HYPE2.14%
According to CoinMarketCap, Hyperliquid's HYPE token set an all-time high near $64.32 on May 24 before trading around $61.59 on May 25. The rally came as the protocol's fee-funded Assistance Fund spent more than $1.16 billion buying back HYPE since launch, directly linking token demand to platform trading activity. Purchased HYPE is burned, reducing circulating supply. The token's market capitalisation reached near $15.65 billion with $725.45 million in 24-hour volume.
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