Hyperliquid Allocates $14.58M USDC Earnings for HYPE Token Buybacks

Key Facts

Hyperliquid utilized approximately $14.58 million from USDC reserve earnings to fund HYPE token buybacks. CryptoTicker reported that the platform expanded its buyback mechanism by incorporating earnings from its USDC reserves, with the first payout transferred to the buyback fund at the start of October 2026.

The move aims to support the HYPE token value as it currently sits 13% below its record high of $97.93 set on September 23, 2026. Under the established framework, approximately 90% of cost-adjusted earnings from USDC reserves flow into the fund used for open-market buybacks, with these earnings having accrued since August 26, 2026.