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Hyperliquid Assistance Fund Buys 48 Million HYPE for $1.36 Billion

Picture: CoinGape

HIGHLIGHTS Hyperliquid Assistance Fund has accumulated more than 48 million HYPE tokens. The current value of HYPE holdings is $3.95 billion amid rising burns after using USDC reserve yields. HYPE price was trading around $81.20 amid broader crypto market volatility. Hyperliquid Assistance Fund has cumulatively purchased more than 48 million HYPE tokens for $1.36 billion. The current market value of those holdings is about $3.95 billion as of Tuesday. The assistance fund primarily acquires HYPE through continuous open-market buybacks funded by Hyperliquid trading fee revenue.

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