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$14.6M in USDC Sent to Hyperliquid's Assistance Fund for HYPE Token Buybacks

Guavy AI Editorial Team
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HYPE USDC
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Hyperliquid, a perpetuals exchange and protocol, has received $14.6 million in USDC yield for HYPE token buybacks.

The funds will be transferred to Hyperliquid's Assistance Fund, which is designed to purchase and burn HYPE tokens, thereby enhancing the token's value proposition.

This additional financial backing could influence market sentiment and potentially support future price increases for the HYPE token, according to market pricing that indicates a 68% probability of Hyperliquid reaching $100 by year-end 2026.

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