Overview
- HYPE reached a fresh all‑time high near $89–$90 on Sunday, September 6, with trading volumes surging into the hundreds of millions of dollars.
- Bitwise’s BHYP resumed tracked purchases after a four‑day pause, with Arkham‑attributed wallets acquiring about $10.5 million and third‑party tallies placing BHYP’s cumulative tracked buys near $166.3 million since launch.
- Hyperliquid’s Assistance Fund used fee revenue to buy and permanently burn roughly 9,730 HYPE in the 24 hours ending Sept. 6, bringing lifetime burns to about 48.42 million tokens recognized by validators in December 2025.
- Large on‑chain wallets have accumulated and staked sizable HYPE positions, including a reported 343,000‑token buy that was fully staked, which reduces available circulating supply and signals long‑term holder conviction.
- A scheduled contributor token release of about 9.92 million HYPE on October 6 could add substantial new supply to markets and will test whether ETF demand, recurring burns and staking can absorb potential selling pressure.