POPA ReconCitrini:
Citrini: "While most of the crypto is more meme-like, HyperLiquid creates real cashflow, and on top of that, a buyback mechanism via the Assistance Fund (AF) is embedded in the protocol. More than 90% of the fee flows into the AF, which is used to buy HYPE from the market. The scale itself is overwhelming. Since its launch in January 2025, cumulative purchases have topped $2B, and by some measurements, HyperLiquid alone is estimated to have accounted for about half of the token buyback activity across the crypto market in 2025. The annual buyback ratio to market capitalization is around 7%.…
The excerpt is quoted from a public Telegram channel, which owns its text.