Hyperliquid Price Eyes $57.30 as Q2 Buybacks Fuel Rebound

The price of Hyperliquid (HYPE) has been on the rise after rebounding from its early-August low around $51.20.

On August 7, HYPE traded near $56.80, gaining about 2.5% over 24 hours and approximately 3.7% higher over the past week.

The token's Q2 revenue figures were released recently, showing $169 million in quarterly revenue with $141 million allocated to HYPE buybacks.

Analysts are split on HYPE's next target, with some predicting a move toward $80 by the end of August and others warning that the token may be building a bottom near its current range.