$HYPE Coin Surges as Hyperliquid Dominates Crypto Buybacks

Hyperliquid is gaining attention as liquidity expands across crypto derivatives markets.

The rise in activity signals deeper engagement across trading pairs and perpetual markets, positioning Hyperliquid as more than a niche DeFi protocol.

The consistent movement in BTC USD also influences how traders position around $HYPE coin exposure, keeping both tightly connected in market behavior.

A recent tweet from Whale Factor highlights the significant buyback activity handled by Hyperliquid, with nearly half of all crypto token buybacks in 2025 attributed to them.