Hyperliquid’s HYPE token has surged to a record high, but an aggressive protocol-driven buyback program is driving the rally.

A Hyperliquid trader shorting HYPE before its surge is unwinding, selling $14M+ with $13M more to come as the token hit an ATH recently.

Hyperliquid’s HYPE token has surged to a record high, but an aggressive protocol-driven buyback program is driving the rally.