HYPE Hits Record High as Hyperliquid Builds a 29M-Token Treasury

HYPE reaches a record high as Hyperliquid Strategies expands holdings to 29.3 million tokens. Buybacks could strengthen HYPE demand, supported by growing network activity and treasury accumulation. Overbought momentum and a $1.2 billion token unlock create significant downside risks for HYPE. Hyperliquid’s HYPE has reached another record after a powerful weekly rally. The move has pushed HYPE into a fresh price discovery phase. At the…