Hyperliquid AF don start $31M HYPE Token Buyback
Hyperliquid AF don do one big strategy to buy back HYPE token, dem don buy back like $31.03 million HYPE token for the last seven days to reduce how many tokens dey and support the price. For July 24 alone, the fund take buy $3.65 million tokens at average price $44.94 per token, total about 689,960 HYPE wey be like 0.21% of all tokens wey dey circulate. This HYPE token buyback show say the Autonomous Fund serious to make tokenomics strong, make the token scarce and make market steady. By reducing how many tokens dey for market and show dem trust, this buyback fit increase price and bring new money into the Hyperliquid decentralized perpetual exchange. Investors suppose remember say fit still get more strategic moves like more buybacks or burn tokens wey fit increase value for the long run. As one big DeFi initiative, this move show say protocol-based way to add value dey increase for decentralized finance.
Bullish
Di $31M HYPE token buyback wey Hyperliquid AF do be good sign for traders. For history, big-big buybacks—like how Binance dey buy BNB back or how Uniswap dey buy UNI—dem dey limit supply, make am scarce, and support price floor. By reducing circulating tokens by 0.21%, the fund dey create buffer against downward pressure and e dey show say treasury get strong confidence. Short-term, dis move fit cause immediate price gain and lower volatility as demand pass available supply. Long-term, e go strengthen protocol tokenomics, improve investor feeling and fit attract more liquidity and governance participation. For traders, this strategic buyback show say Hyperliquid dey committed to sustainable growth and e mean say HYPE token price get potential to rise.