24/7 Wall Street
24 Oct 2026, 23:20 UTC · 13h ago
Can Hyperliquid (HYPE) Get Back to $90 by the End of 2026?
Impact · against what's priced in
The expanded stock buyback for PURR provides a modest floor for the stock by reducing the immediate need to liquidate treasury assets, though it doesn't offset the broader downward momentum of its core HYPE asset. HYPE faces significant headwinds from impending token unlocks and a high fully diluted valuation, making a return to $90 unlikely in the short term.
- PURR+0.30
No priced-in read yet
- In context
The expansion of the stock buyback program to $100 million on October 23 suggests a commitment to share price support, which may reduce the necessity for the company to liquidate its HYPE treasury holdings.
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