Update
Hyperliquid Expands Buyback Program
Hyperliquid Strategies has increased its share buyback program from $30 million to $100 million as HYPE faces selling pressure and competition in the real-world asset (RWA) futures market. The company announced that about $72 million remains available for buybacks and extended the program's deadline to October 31, 2027. However, HYPE continued to fall, trading at $75.46 on October 24, down 2.46% in 24 hours and about 23% below its September 23 all-time high of $97.96. The move reflects the company's board's confidence in its long-term plans, but does not guarantee increased demand for the HYPE token.