HYPE Token Buybacks
Hyperliquid Receives $14.5 Million in Reserve Yield to Fund HYPE Buybacks
Anonymous
Hyperliquid received its first roughly $14.5 million distribution of USDC reserve yield through AQAv2, which routes about 90% of eligible yield into the Assistance Fund for HYPE buybacks and burns. The funding builds on a revenue-based supply-reduction strategy, and reports say Hyperliquid bought and burned 112,580 HYPE in a 24-hour period, worth about $10.15 million. HYPE has traded above $90 and near its September record, while a separate large purchase by its treasury vehicle added another source of demand. These developments may support the token, though price forecasts and the market’s response remain uncertain.
Key Points
1
AQAv2 was activated on August 26. Hyperliquid’s reserves exceed $5 billion, and Coinbase and Circle serve as treasury and technical deployers, respectively, routing 90% of the reserve yield to the Assistance Fund.
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CoinGecko put Hyperliquid’s 2026 revenue at $429 million through mid-September. It also estimated AQAv2 could contribute about $182 million a year under a 3% treasury-yield assumption, though the amount would vary with reserve balances and rates.
3
Hyperliquid Strategies disclosed buying 1.9 million HYPE for about $167.2 million, bringing its holdings to roughly 37 million tokens, according to the report.
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The report also described potential supply pressure: Hyperliquid unstaked 3.75 million HYPE—about $320 million to $330 million at the time—as team compensation, sending it to an institutional buyer through an OTC-style deal without an explicit lockup.
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CoinCodex forecast a 19.87% decline in HYPE over five days, to $72.46 by October 10, 2026, despite reporting bullish market sentiment and 26 indicators signaling a bullish outlook.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
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