Hyperliquid (HYPE) has executed buybacks totaling approximately $916 million, significantly outpacing Pump.fun's efforts by more than six times, according to Captainaltcoin. A new proposal, HIP-5, suggests reallocating some fees to fund new ecosystem projects, potentially impacting the pace of buybacks and short-term price dynamics. Despite this, HYPE's price, currently at $37.89, could reach $50 if the aggressive buyback strategy continues and the platform sustains its dominance in decentralized futures trading.