Nobody is more bullish on $HYPE than @HyperliquidX itself.
According to a new report on Forbes, Hyperliquid has now spent nearly all fee revenue, to the tune of more than $1.16 billion, buying back the $HYPE token from the market.
In Q3 2025, for instance, it spent nearly $317 million buying back $HYPE.
Perhaps it's not a coincidence that $HYPE has absolutely ripped, now up +81% over the past year...