Hyperliquid Named 'Compelling' Investment After $2B Buyback Since January, Token Reaches $75 ATH

According to Citrini Research, Hyperliquid (HYPE) generates approximately $1.06 billion in annualized fees, with a buyback program absorbing over 90% of them. Since January 2025, the buyback fund has purchased more than $2 billion worth of HYPE, representing nearly half of all crypto token buyback activity by some measures. The firm noted that unlike most crypto assets, HYPE's price support is linked to genuine protocol revenue rather than speculation.

HYPE reached an all-time high near $75 on June 2 before a scheduled $700 million token unlock pulled the price back to approximately $62. Hyperliquid exchange-traded funds from 21Shares and Bitwise logged close to $600 million in trading volume and more than $136 million in net inflows over three weeks.