Back

Unitxyz uses fee revenue to buy back Hyperliquid with 2,500-token TWAP order

An active order is set to execute over the next two hours, according to a post from HyperliquidNews on X.

Summary

Unitxyz is using fee revenue to repurchase Hyperliquid, with a TWAP order for 2,500 Hyperliquid currently active and scheduled to be executed over the next two hours. The update was shared by HyperliquidNews on X. A TWAP order (time-weighted average price) is typically used to spread execution over a set period to reduce market impact during buybacks or larger trades.

Terms & Concepts
  • TWAP order: Time-weighted average price order that splits trades over time.
  • buyback: Repurchase of a token using revenue or treasury funds.
  • Hyperliquid: The token being repurchased in the reported order.