Market Activity and Hayes' Belief
These developments have bolstered the confidence of market participants and provided additional context for Hyperliquid's momentum. The protocol-level buybacks conducted through the HIP-4 fee model continue to support HYPE's price. Overall, despite the recent token unlocks, HYPE has shown resilience, further solidified by Arthur Hayes' strong buying and stable market demand. Traders are now focusing on technical levels and open interest as potential indicators for upward movement.
With the return of momentum, Hyperliquid may attract more attention in the coming weeks, especially if buyers continue to defend key support areas. Currently, Hyperliquid's HYPE price has risen over 5%, breaking through the $38 mark. Arthur Hayes' support for HYPE emphasizes the token's income-based buyback mechanism. The token unlocks have been absorbed by the market without selling pressure, demonstrating market strength. Technical levels and robust open interest may guide HYPE's next upward move.