Hyperliquid Hits Another All-Time High. Is $100 Next for HYPE?

Hyperliquid (HYPE) climbed to an all-time high of $84.80 on Thursday, its second record in seven days. The altcoin trades near $84.07, up nearly 4% today, with its market cap nearing $19 billion.

The rally cleared the old $77 ceiling last week and has since held that level as support. Weekly and daily charts now point to $92 as the next resistance band.

Buybacks and a Regulatory Nod Fuel the Rally

Hyperliquid activated its AQAv2 reserve yield program on August 26. Roughly 90% of the cost-adjusted yield on $6.74 billion in USDC deposits now funds HYPE buybacks.

Under a 3% yield scenario, that adds about $182 million a year. The figure represents an 18% lift on current revenue of roughly $2.76 million per day. First distributions land Oct. 3.

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