Hyperliquid buybacks against the sell-off: HYPE tests $76 as the Assistance Fund holds 48.7 million tokens

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Hyperliquid (HYPE) has fallen 7.8 percent with the wider market to around $77 and is testing the $76 level. Our data shows how much the Assistance Fund, holding 48.7 million HYPE and buying back daily, is pushing back.Hyperliquid: the Assistance Fund continuously converts trading fees into HYPE.Add as a preferred source on GoogleFollow on Google NewsThe Hyperliquid price has fallen 7.8 percent over the past 24 hours to around $77 (as of Friday morning, 4:50 a.m. German time, roughly €69). On Thursday the daily low reached $76.15, and the daily close of $76.59 was the lowest since October 25. Whether the $76 area holds depends less on Hyperliquid itself than on Bitcoin: the entire crypto market is under pressure. What is established: Hyperliquid's Assistance Fund holds 48.7 million HYPE, the platform automatically converts its trading fees into HYPE according to its own documentation, and the long side of the futures market is still paying a positive funding rate. Our a...