According to Blockbeats, Hyperliquid's Assistance Fund has repurchased 40,028,984 HYPE tokens, valued at $890 million. The buyback accounts for approximately 4% of the total supply. The fund's current value is $1.25 billion. With the fear and greed index showing mixed signals, this move could influence cryptocurrency price movements.

BlockBeats news: On February 2, on-chain data shows that the Hyperliquid ecosystem's Assistance Fund has repurchased a total of 40,028,984 HYPE tokens, with a repurchase cost of approximately $890 million, accounting for about 4% of the total HYPE token supply. Currently, the total value of the fund, calculated at market price, is approximately $1.249 billion.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.