1 month ago
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Key Takeaways
- HYPE buybacks crossed $2B since January 2025.
- HYPE rallied nearly 100% from its $38.17 May low.
- Bitwise’s BHYP ETF opens HYPE to institutional capital.
- L1 scaling and dApp utility transform HYPE beyond a pure exchange token.
The Setup
HYPE spent most of April and early May consolidating. From April 19 through May 13, the token ground sideways in the $40–$45 range, slowly losing ground amid a broader market lull. On May 13, a sharp flush took price down to $38.17, the local low for the month and the base from which the subsequent impulse began.
What followed was one of the cleaner structural moves in HYPE’s recent history. From that $38.17 floor, the token nearly doubled in roughly 2.5 weeks, peaking around $75.71 in early June. This fast, directional expansion broadly coincided with a wave of institutional attention around Hyperliquid’s fundamental profile, most notably highlighted in a detailed investment thesis published by...
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