According to CoinMeta, as reported by Crypto.News, the price of Hyperliquid (HYPE) rebounded to $57.30 driven by Q2 repurchases, representing an increase of about 11% from the $51 support range. On August 7th, the price of HYPE approached $56.80, with a rise of about 2.5% within 24 hours. The protocol reported quarterly revenue of $169 million in the second quarter, of which $141 million was used for HYPE repurchases. The fully diluted valuation of HYPE is close to $54 billion, with a circulating market value of about $12.6 billion.