Hyperliquid’s $1.36B Buyback Fails to Stop HYPE Price Drop Below $85
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TL;DR Hyperliquid’s Assistance Fund has purchased more than 48 million HYPE tokens for approximately $1.36 billion, yet the token has fallen nearly 5% in 24 hours. HYPE trades near $81.20, with technical support around $80.26 and resistance between $83 and $85. Trading fees and USDC reserve income help finance the buyback mechanism, while bearish momentum ... Read more
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