Hyperliquid Expects to Buy Back About 180,000 HYPE With More Than $15 Million in USDC Reserve Yield

On-chain data showed that a 2.52 USDC test transfer reached Hyperliquid’s Assistance Fund (AF) at 00:00 UTC on November 2, matching last month’s process. According to Odaily, Hyperliquid is expected to receive more than $15 million in USDC reserve yield in November, enough to buy back about 180,000 HYPE at current prices. In October, Hyperliquid received about $14.58 million in its first month of USDC reserve yield, which was transferred to the AF on October 4. The fund bought back HYPE over the following 48 hours, during which the token rose about 4%.