HYPE, Hyperliquid’s native cryptocurrency, reached an all-time high of $88 on September 4, 2026, after rising 5.2% in 24 hours and more than 51% over 30 days. The token later traded at $85.78, with daily volume of $1.53 billion and a market capitalization of $21.63 billion. Hyperliquid’s fee-funded buybacks reached $379 million during 2026, while its latest 24-hour operation bought back and burned 9,730 HYPE at an average price of $85.27, worth about $829,500. Cumulative burned HYPE reached 48.42 million, valued at approximately $4.14 billion and equivalent to 4.84% of maximum supply at current prices. Momentum also followed the accumulation of roughly 2.9 million HYPE by unidentified wallet 0x6436 and improved after President Trump said CFTC Chairman Michael S. Selig was pursuing efforts to establish Hyperliquid exchange operations in the United States, although no timeline was given. Technical indicators remained positive, but analyst BATMAN warned of bearish divergence and identified the low $70s as a potential retest area.