{"id":54696,"date":"2025-10-21T14:50:32","date_gmt":"2025-10-21T11:50:32","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=54696"},"modified":"2025-10-21T14:46:37","modified_gmt":"2025-10-21T11:46:37","slug":"buyback-attack-for-hyperliquid-hype","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/buyback-attack-for-hyperliquid-hype\/","title":{"rendered":"Buyback Attack for Hyperliquid (HYPE)"},"content":{"rendered":"<p>In the world of crypto assets, the \u201cbuyback\u201d strategy became highly popular in 2025, and Hyperliquid emerged as one of the leading projects in this area.<\/p>\n<ul>\n<li data-start=\"469\" data-end=\"633\">According to reports, since the beginning of 2025, Hyperliquid has spent <strong data-start=\"521\" data-end=\"559\">approximately 644\u2013645 million USD<\/strong> on token buybacks.<\/li>\n<li data-start=\"636\" data-end=\"752\">This figure represents around <strong data-start=\"682\" data-end=\"694\">46%<\/strong> of all token buybacks.<\/li>\n<li data-start=\"755\" data-end=\"924\">The number of tokens repurchased is reported to be at least <strong data-start=\"786\" data-end=\"807\">21.36 million HYPE<\/strong>, which corresponds to approximately <strong data-start=\"858\" data-end=\"870\">2.1%<\/strong> of the total token supply.<\/li>\n<\/ul>\n<p data-start=\"926\" data-end=\"1051\">In short, while the \u201cbuyback\u201d strategy dominates the market conversation, Hyperliquid has managed to capture a significant portion almost on its own.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/buyback-attack-for-hyperliquid-hype\/#Why_So_Fast_and_Massive\" title=\"Why So Fast and Massive?\">Why So Fast and Massive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/buyback-attack-for-hyperliquid-hype\/#Market_Position\" title=\"Market Position\">Market Position<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"1058\" data-end=\"1093\"><span class=\"ez-toc-section\" id=\"Why_So_Fast_and_Massive\"><\/span>Why So Fast and Massive?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1094\" data-end=\"1173\">There are several notable factors behind Hyperliquid\u2019s aggressive approach:<\/p>\n<ol data-start=\"1175\" data-end=\"1999\">\n<li data-start=\"1175\" data-end=\"1511\">\n<p data-start=\"1178\" data-end=\"1511\"><strong data-start=\"1178\" data-end=\"1205\">Commitment to the revenue model<\/strong><br data-start=\"1205\" data-end=\"1208\" \/>Hyperliquid directs a portion of its revenue from trading fees, derivatives volume, and spot transactions toward its buyback program. Reports indicate that a fixed percentage of the revenue generated from these activities is used to repurchase HYPE tokens.<\/p>\n<\/li>\n<li data-start=\"1516\" data-end=\"1749\">\n<p data-start=\"1519\" data-end=\"1749\"><strong data-start=\"1519\" data-end=\"1560\">Effort to reduce market supply pressure<\/strong><br data-start=\"1560\" data-end=\"1563\" \/>The purpose of buybacks is to decrease the circulating token supply and create value for token holders. The lower the supply, the more pronounced the effect of demand can become.<\/p>\n<\/li>\n<li data-start=\"1751\" data-end=\"1999\">\n<p data-start=\"1754\" data-end=\"1999\"><strong data-start=\"1754\" data-end=\"1783\">High-volume trading activity<\/strong><br data-start=\"1783\" data-end=\"1786\" \/>For instance, in August 2025, Hyperliquid reportedly broke records in derivative trading volume and trading fees, which in turn provided substantial funding for its buyback program.<\/p>\n<\/li>\n<\/ol>\n<hr \/>\n<p>This article may also interest you: <em><strong><a href=\"https:\/\/coinengineer.net\/blog\/institutions-sell-bitcoin-target-3-altcoins\/\">Institutions Are Selling Bitcoin, Targeting These 3 Altcoins!<\/a><\/strong><\/em><\/p>\n<hr \/>\n<h2 data-start=\"2006\" data-end=\"2056\"><span class=\"ez-toc-section\" id=\"Market_Position\"><\/span>Market Position<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2059\" data-end=\"2261\">In terms of buybacks, the second-largest project is LayerZero, which announced spending around 150 million USD to repurchase its ZRO tokens\u2014approximately 5% of its supply. <span style=\"font-size: 14.4px;\">However, this move is considered a one-time initiative, whereas Hyperliquid continues to operate a consistent and systematic buyback program.<\/span><\/p>\n<p data-start=\"2059\" data-end=\"2261\"><span style=\"font-size: 14.4px;\">Across the industry, since the beginning of 2025, a total of over <\/span><strong style=\"font-size: 14.4px;\" data-start=\"2474\" data-end=\"2503\">1.40 billion USD<\/strong><span style=\"font-size: 14.4px;\"> has been spent on token buybacks. Within this figure, Hyperliquid\u2019s share is particularly dominant. <\/span>As a result, Hyperliquid has outpaced not only its competitors but also surpassed the combined total of most other projects\u2019 buyback expenditures.<\/p>\n<p data-start=\"2059\" data-end=\"2261\">Although this appears to be a strong move, there are some important risks investors should consider:<\/p>\n<ul>\n<li data-start=\"2930\" data-end=\"3098\">A solid buyback program depends on consistent revenue sources. If trading volume or fee income declines, the sustainability of buybacks could come into question.<\/li>\n<li data-start=\"3101\" data-end=\"3322\">Token supply unlocks and vesting schedules may create future selling pressure. Some reports highlight that upcoming unlocks for HYPE could pose market risks.<\/li>\n<li data-start=\"3325\" data-end=\"3460\">A buyback program alone does not guarantee price appreciation; market sentiment, overall crypto conditions, and macroeconomic factors all play significant roles.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In the world of crypto assets, the \u201cbuyback\u201d strategy became highly popular in 2025, and Hyperliquid emerged as one of the leading projects in this area. According to reports, since the beginning of 2025, Hyperliquid has spent approximately 644\u2013645 million USD on token buybacks. This figure represents around 46% of all token buybacks. The number<\/p>\n","protected":false},"author":13,"featured_media":53843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[14750,192,833,5384,840,23474,8905,177,24919,18409],"class_list":["post-54696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-2025-crypto-trends","tag-blockchain","tag-coingecko","tag-crypto-investment","tag-crypto-market","tag-hype-token","tag-hyperliquid","tag-layerzero","tag-supply-management","tag-token-buyback"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buyback Attack for Hyperliquid (HYPE) - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The \u201cbuyback\u201d strategy became very popular in 2025, and Hyperliquid was one of the prominent projects in this regard.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/buyback-attack-for-hyperliquid-hype\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buyback Attack for Hyperliquid (HYPE) - 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