HYPE Price Eyes $90 as Hyperliquid Activates Buybacks

Hyperliquid's recent activation of AQAv2 has sparked buyback plans for HYPE, potentially pushing its price towards $90. The company aims to use yield from USDC stablecoins to contribute to demand and lower supply through burning.

The move comes as HYPE price pulled off a new historic top at $83.73, despite being in overbought territory. Wintermute has reduced its short exposure to HYPE by $131.1 million, while institutional inflows have increased near the recent local top.

Whale order flows indicate that market participants are preparing for a pullback, although in limited amounts. The buyback and burn program may not be enough to trigger a major impact on demand, but it could influence investor sentiment and avoid sell pressure or fuel further upside demand.