Citrini Research highlights Hyperliquid cash flow and HYPE buybacks as investment case

Citrini Research said Monday that Hyperliquid is a “compelling” investment, arguing the protocol produces cash flow while running a large token repurchase program. The firm said more than 90% of platform fees are routed to an Assistance Fund that buys HYPE on the open market, and noted HYPE was up over 8% in the past 24 hours as of 1:50 p.m. ET Monday.