HYPE price falls 5% despite $1.36B in buybacks: Can it reclaim $85?

HYPE price has fallen nearly 5% to around $81.20 over the past 24 hours despite Hyperliquid’s Assistance Fund having spent $1.36 billion buying more than 48 million tokens. Hyperliquid’s Assistance Fund has purchased more than 48 million HYPE through its ongoing buyback program. HYPE traded near $81.20, while 24-hour trading volume increased more than 59% to $931.56 million. The daily chart places Supertrend support at $80.26, with MACD remaining below its signal line. USDC reserve income has added nearly $14.58 million to the fund’s trading-fee-funded purchases. Hyperliquid News reported on Oct.

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