HYPE Falls 5% to $81.20 Amid $1.36B Buybacks

HYPE dropped almost 5% to about $81.20 over the past 24 hours, even as Hyperliquid’s Assistance Fund spent $1.36 billion acquiring more than 48 million HYPE tokens. The token’s 24‑hour trading volume surged 59% to $931.56 million, indicating heightened activity despite the price decline.

Buyback Activity

Hyperliquid’s Assistance Fund continues its aggressive buy‑back program, converting trading‑fee revenue and USDC reserve yields into HYPE. The fund’s cumulative purchases now exceed 48 million tokens, valued at roughly $3.95 billion at current prices. USDC reserve income contributed an additional $14.58 million to the fee‑funded purchases.

Technical Outlook

On the daily chart, the Supertrend indicator sits at $80.26, just below the current price, leaving a bullish signal intact after a brief dip. However, the MACD remains bearish, with the line at –0.674 below the signal at 0.700 and a negative histogram of –1.373. The price sits about 17% below its late‑September peak near $98 and would need to clear the recent high of $83.41 to target $85.

Market Context

The token’s downside risk centers on the $80.26 Supertrend support and the session low near $79.50. A close below these levels could expose the next support zone around $75‑$77. On the upside, resistance clusters appear near $85, $88‑$90, and higher at $94‑$98.

Key facts

• Price: $81.20, down ~5% in 24 h
• Assistance Fund buybacks: $1.36 B for 48 M+ HYPE
• 24‑h volume: $931.56 M, up 59%
• Supertrend support: $80.26
• MACD bearish (line –0.674, signal 0.700)