A combined weekly snapshot and monthly report on the HYPE token: price and volume, open interest and funding, the Assistance Fund buyback rhythm, staking flows, relative strength against BTC/ETH, driver decomposition and scenario analysis. Monthly reports (e.g. Hyperliquid Market Report — August 2026) add a full-month review of the same framework.
Weekly update for the week ending Oct 11: a Monday print 2.7% from the record, then a macro cascade that broke the range at the bottom ($82.58) and was reclaimed; the buyback ledger sized by activity rather than price; the relative loss against BTC inside a market-wide fall; and the regime changers graded after the fact.
The month in full: HYPE +8.0% ($84.17 → $90.94) through a −12.1% week, a +21.3% reclaim and a record $98.00; fees +17.4% to $91.27M; TVL +10.9% to $7.41B; the Binance listing answered −4.6%; and the cycle's largest unlock absorbed in-month.
The month in full: HYPE +60.3% ($52.51 → $84.17), fees $67.3M with a 3.1x post-Aug 19 surge, TVL +13.5% to $6.40B, the record 14.18M HYPE unlock absorbed, and the two-phase month that re-based every level — revised Sep 14 with API-verified data.
Weekly update for the week ending Oct 4: the cycle's largest unlock absorbed into a $90.57 close, the price ladder replaced by a box ($84.55–$94.60 on closes), the buyback ledger's first measured AQAv2 line ($14.58M), a 16.7x–21.6x multiple spread that is the fee window's fault, and the regime changers graded after the fact.
Weekly update for the week ending Sep 27: the fifth record at $98.00, the first sell-the-news test answered (−4.6% on Binance listing day), valuation arithmetic on API-verified inputs (the multiple resolving to ~20.2x on seven prints), the buyback ledger ahead of Oct 3's first AQAv2 payment, five-week relative strength vs BTC and ETH, and the regime changers graded.
Weekly update for the week ending Sep 20: the fourth record at $94.60, valuation arithmetic on API-verified inputs (the price-to-fee multiple compresses from 26.4x to 20.8x even as price rises 21.3%), buyback capacity up ~50%, five-week relative strength vs BTC and ETH, and last week's regime changers graded after the fact.
Weekly update for the week ending Sep 6: HYPE +9.9% to $87.94 with the $89.60 all-time high, fees $16.5M, the second unlock (9.92M HYPE, ~$820M) absorbed, relative strength vs BTC/ETH, and valuation arithmetic on the measured fee base.
Weekly update for the week ending Aug 30: HYPE −2.9% in consolidation under the new $86.73 high, fees $21.2M (86% of the surge week retained), the record unlock absorbed, relative strength vs BTC/ETH including the August-to-date ledger, and the week ahead.
Weekly update for the week ending Aug 23: HYPE +44.3% to $82.37 breaking the May record on the Aug 19 catalyst stack, fees $24.6M (3.1x), the fee-spike arithmetic ($1.28B/yr spike vs $0.45B/yr baseline), relative strength vs BTC/ETH, and the week ahead.