Hyperliquid USD Rallies 4.3% to $80.59 on Corporate Buyback Plan

Hyperliquid USD climbed 4.3% to $80.59 in 24 hours, driven by news that Hyperliquid Strategies filed to expand its equity capacity from $1 billion to $2.5 billion. The move signals the company may increase its HYPE token holdings, creating fresh buying pressure. The protocol also reported a $1.39 million token buyback and burn in the past day, while its L1 blockchain flipped Arbitrum in total value locked at $1.40 billion.

Why the equity filing matters for HYPE holders

Hyperliquid Strategies’ decision to expand equity capacity from $1 billion to $2.5 billion acts as a direct catalyst for investor confidence. The filing suggests the entity has more capital available to purchase and hold HYPE tokens, creating a new source of sustained demand. Market participants view this as a bullish signal that an insider is positioning for long-term accumulation.

Token burns and ecosystem growth compound the rally

The protocol’s active burn and earn model removed $1.39 million worth of HYPE from circulation in the past 24 hours. Simultaneously, Hyperliquid L1 surpassed Arbitrum in total value locked, reaching $1.40 billion and demonstrating real ecosystem utility. These deflationary mechanics and growth milestones provide structural support for the token’s price floor.

Technical setup shows mixed signals amid strength

HYPEUSD’s RSI sits at 58.95, well below overbought territory, leaving room for further upside. The ADX reads 42.29, confirming a strong underlying trend. However, the MACD histogram turned negative at -0.84, and the Stochastic %K at 21.50 signals potential oversold conditions in the short term. Price remains above the 50-day average of $68.95 and well above the lower Bollinger Band at $66.96, anchoring support.

Price forecasts show near-term pullback risk

Meyka’s 1-month forecast stands at $75.85, implying a 5.9% decline from current levels. The 12-month forecast of $63.10 suggests a 21.7% drop, reflecting caution on longer-term sustainability. These targets assume no major catalyst changes. Forecasts may change due to market conditions, regulations, or unexpected events.

Final Thoughts

HYPEUSD’s 4.3% gain reflects real catalysts: corporate equity expansion, active token burns, and ecosystem growth. The technical picture remains constructive, but forecasts suggest caution on holding above $80 without fresh news. Watch for confirmation of actual HYPE purchases by Hyperliquid Strategies and the Federal Reserve’s September 16 rate decision, which could sway broader risk appetite.

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Disclaimer:

Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.