Hyperliquid’s HYPE token is attracting attention after ranking first in Grayscale’s latest tokenholder return rankings, according to Hyperliquid Daily. HYPE recorded an 8.0% return, while its adjusted profit return reached 9.8%, placing it third in that category. Meanwhile, crypto analyst Ian Cooper identified a trading range between $76 and $98, describing the lower boundary as a potential buying opportunity. These developments have placed Hyperliquid’s fee-driven buyback mechanism and the HYPE price’s ability to recover toward resistance in focus.
HYPE Leads Grayscale’s Tokenholder Return Rankings
According to Hyperliquid Daily, HYPE secured the top position in Grayscale’s latest tokenholder return rankings, recording an 8.0% return. LIT followed closely at 7.9%, while CAKE registered 2.6%.
However, the adjusted profit return rankings presented a different picture. HYPE placed third at 9.8%, behind CAKE at 14.4% and LIT at 14.1%. The difference highlights how rankings can change depending on the performance metric being measured.
Source: Hyperliquid Daily’s X Post
Hyperliquid’s fee-driven buyback mechanism is another factor attracting attention. The mechanism connects platform fee generation with token repurchases, potentially supporting demand for HYPE as trading activity generates revenue. However, these rankings do not guarantee future returns, which depend on platform activity, token economics, and broader market conditions.
Also Read: Grayscale Buys $7.8M in HYPE as HYPE Price Eyes $88 Amid Network Growth
Fee-Driven Buybacks Put HYPE Tokenomics in Focus
HYPE’s ranking has renewed attention on the relationship between Hyperliquid’s trading activity and its token economics. The buyback mechanism provides another factor for investors evaluating how platform activity may translate into token demand.
If trading activity and fee generation remain strong, buybacks could support demand for HYPE. However, their market impact also depends on repurchase volumes, liquidity, token supply dynamics, and selling pressure.
The modified profit numbers will shed light on this. Despite HYPE ranking first in tokenholder returns, CAKE and LIT managed higher modified profits. It is also worth noting that the numbers will differ depending on the indicator being considered. The above-mentioned numbers also do not guarantee an assured yield for HYPE holders in the future.
HYPE Price Tests $76 as $87 Target Emerges
Ian Cooper, a crypto analyst, recognized a trading range of $76-$98, where the HYPE price’s proximity to the lower end was seen as an attractive setup for a long trade entry. According to Cooper, $76 was seen as the main support level, while $75.80 was considered the level at which the setup will become weak.
Cooper noted that $87 is the first possible objective for the market, as it represented the area high as seen from his graph. In case the rebound takes the market to $87, the upper boundary can be taken to $98.
Source: ian cooper’s X Post
The technical analyst went on to say that trading outside of the range will set the stage for a potential new all-time high. This is not a guaranteed forecast, though, but one that can only materialize if conditions are right. Trading below $75.80 will invalidate his trading idea, while strong buying will help validate his forecast.
However, the above-stated information does not contain the actual HYPE price and the values of RSI and MACD, thus preventing the additional verification of its technical aspect.
What Comes Next for HYPE?
The short-term forecast for the HYPE price is based on the ability of the coin to sustain above $76 and move closer to $87. A sustained rise will put $98 resistance under pressure, whereas fall below $75.80 will undermine Cooper’s bullish outlook.
Beyond technical metrics, players in the market might observe how well Hyperliquid is performing regarding generating fees and conducting buybacks, which would enable them to determine whether the use of the platform sustains its tokenomics.
The first-place return of HYPE on the token holder basis showcases its performance. However, its third place on the basis of the adjusted profit return demonstrates the diversity of results. There are three crucial things to consider: the support level at $76, the resistance level at $87, and the sustainability of the buybacks through the fees.
Also Read: Hyperliquid Burns $1.75M in HYPE as HYPE Price Targets $94 Rally
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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