HYPE protocol completed a buyback operation in the past 24 hours at an average price of 26.10U, accumulating approximately 88,650 tokens, corresponding to a value of up to 2.31 million USD. This move clearly signals a bullish outlook.

Interestingly, on-chain monitoring data shows that a leading institution withdrew 19.2K HYPE tokens from an exchange yesterday, worth about 500,000 USD. This operation is quite intriguing—at a conference last year, this institution publicly claimed that HYPE had a 126x growth potential, only to precisely exit at the top. Now, returning with a clear intention to build positions suggests they are picking up bargains.

Looking back at history, the last time HYPE’s single-day profit exceeded 3 million USD, the token price was above 40U. The current round of buybacks and large institutional holdings are fueling bullish sentiment. The market rhythm warrants ongoing attention.