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- Hyperliquid’s buyback program has burned over 30M HYPE, fueling supply shocks.
- Partnerships with wallets like Phantom expand trading access.
- Traders are accumulating HYPE, signaling bullish sentiment toward a $50 breakout.
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Hyperliquid’s native token, HYPE, has been trading in a tight range between $36 and $50 for more than two months, following a +400% rally in the first half of 2025. Now, with strong fundamentals and growing adoption, analysts believe a breakout above the key $50 resistance could be imminent.
Buyback Program Fuels Supply Shock
One of the most bullish drivers for HYPE has been Hyperliquid’s aggressive buyback and burn program. Atlas Merchant Capital partner David Schamis recently told Bloomberg that Hyperliquid is unlike Bitcoin or Ethereum, as the exchange buys back tokens daily and removes them from circulation. So far, over 30 million HYPE have been burned, tightening supply and potentially boosting price.
On September 3, the exchange executed one of its largest buybacks yet, purchasing nearly 50,000 HYPE worth over $2 million, representing more than 99% of its daily revenue. This trend signals sustained institutional confidence in the token’s long-term value.
Partnerships Expand Hyperliquid’s Reach
Beyond tokenomics, Hyperliquid has been building momentum through integrations with wallet providers like Phantom and Rabby, enabling seamless derivatives trading. The exchange has also promoted its “everything exchange” vision—similar to Coinbase’s broader expansion—which could further enhance adoption and liquidity.
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Market voices are optimistic. Crypto trader Byzantine General recently stated he bought more HYPE, calling it “coiling very tight” and poised for a fast breakout if it clears the $50 level.
I bought a bunch of $HYPE again.
— Byzantine General (@ByzGeneral) September 3, 2025
It's coiling very tight. This is gonna move fast when it breaks out. pic.twitter.com/789Y8uSiGp
Market Signals Point to Accumulation
Despite a recent pullback from $50 to around $40, on-chain data from Coinglass revealed consistent outflows of HYPE from exchanges, suggesting a “buy the dip” strategy among traders. Liquidity clusters at $41.8 and $49.6 remain critical near-term price levels, especially with investors eyeing September’s Fed rate decision.
With aggressive buybacks, expanding partnerships, and visible accumulation trends, Hyperliquid HYPE appears well-positioned for another rally. If bulls can flip the $50 resistance into support, analysts expect momentum could accelerate quickly—potentially setting the stage for another explosive leg up.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: Hyperliquid (HYPE) Price Faces $64M Short
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
