• Hyperliquid trades at $41.25, testing crucial $47–$48 resistance amid a $14.14 billion market cap.
• Assistance Fund buyback consumed 70,171 HYPE tokens per day, approximately 25.26 million tokens deflated per year
• Close to 93% of platform revenue goes toward fund buybacks, enhancing scarcity and underpinning sustainable bullish price momentum.

Hyperliquid’s native token, HYPE, is trading at $41.25, down 4.23% in 24 hours. Despite this decline, the asset remains structurally bullish. It is consistently testing the $47–$48 resistance zone. Analysts believe a breakout above this zone could trigger a strong rally.

Also Read: Could Hyperliquid Flip Tron?

The price decrease is synchronous with its market cap, which currently rests at $14.14 billion from a previous decline of 4.24%. Within a day, over 125,000 HYPE tokens exchanged hands as a show of active liquidity. The market cap available currently stands at $13.1 billion. This heralds an active supply flow that will introduce short-term volatility.

Buybacks Drive Deflationary Momentum

Analyst highlights are Hyperliquid’s Assistance Fund buyback. It bought 96,330 HYPE tokens for $43.92 in 24 hours. At the same time, 26,159 tokens were given away to validators and stakers. The move created a one-day net deflation of 70,171 tokens that decreased market supply.

Projections suggest monthly deflation could reach 2,105,130 tokens. Annual deflation may exceed 25.26 million HYPE tokens. This deflationary design is a stark contrast to Solana’s inflation of 27.31 million SOL yearly. Hyperliquid aims to boost scarcity and long-term investor confidence significantly.

The Assistance Fund controls 27.06 million HYPE now, worth $1.187 billion. Specifically, 92.78% of platform revenue goes toward buybacks. This stable method cements value for tokens. It compensates loyal holders while indicating a strong resolve towards sustaining an ecosystem with healthy pricing.

The Assistance Fund controls 27.06 million HYPE now, worth $1.187 billion. Specifically, 92.78% of platform revenue goes toward buybacks. This stable method cements value for tokens. It compensates loyal holders while indicating a strong resolve towards sustaining an ecosystem with healthy pricing.

Hyperliquid Targets Major $47-$48 Resistance Level

Hyperliquid recently executed the largest airdrop in crypto history. The upcoming HyperEVM launch is expected to enhance adoption and attract developers. Increased on-chain activity from these upgrades suggests accelerating network growth and a solid foundation for future price appreciation.

Technical charts show HYPE surging along a rising support line. Gathering speed maintains the momentum around the $47-$48 point of resistance. A breakout could see a rapid jump in prices. Investors pay close attention to this critical area for a potential entry point.

Sentiment for HYPE remains bullish with improving fundamentals. Caution is still warranted. Volatility in markets continues, along with risk. Investors need to undertake diligent research.

Also Read: Hyperliquid (HYPE) Gears Up for $70 Move as Market Momentum Accelerates