Deflation On February 17, 2026, HyperCore repurchased 44,830 HYPE at an average price of about $29.93 On the same day: 26,877 HYPE were distributed as rewards to stakers and 24 validators Net Effect 44,830 − 26,877 = 17,953 HYPE ➡️ Net tokens permanently removed from circulation Deflation at This Pace Daily: 17,953 HYPE Monthly: 538,590 HYPE Yearly: ~6,463,080 HYPE Context: L1 Comparison For comparison, Solana inflates by approximately 25.19M SOL per year through staking and validator rewards. Hyperliquid, by contrast, is operating in net deflation, not inflation. Buyback Dynamics Buyback efficiency is price-sensitive: Higher HYPE price → fewer tokens repurchased Lower HYPE price → more aggressive buybacks This naturally stabilizes supply pressure across market cycles. Flywheel Effect More HIP-3 adoption → higher trading activity → more protocol revenue → larger buybacks Hyperliquid!

Fresh alert ‼️ . A user has lost roughly $600K in an address poisoning scam.🚨 The user first transferred $12 to the legitimate wallet 0x77f6ca8E… Soon after, their wallet received multiple spam transactions from a spoofed address designed to closely resemble the real one. Around 30 minutes later, the user tried to move the full balance of $599,714 but accidentally chose the fake look alike address. Notably, this incident involved an address dusted with ETH rather than USDT. Always double check the full wallet address before sending funds. Stay sharp. #addresspoisoning

More like a staring contest… and he’s refusing to exit😀. Wallet 0x9b3b…280c quietly slid in another $500K USDC today, straight into Hyperliquid, just to keep that $WLFI long alive. just a slow, stubborn add. After the top-up, he’s now holding about 42.47 million WLFI, roughly $4.3M in size, running it at 2x. Thing is… the position’s hurting. Entry sits around $0.123, price is hanging closer to $0.101, and that gap adds up. Unrealized loss is hovering near $1M, down something like 45%, give or take. Not liquidating yet though -- the liq line is way lower around $0.055, so there’s still room to breathe. Tight breath, but room. About $2.15M in margin is locked in, funding’s already chewed through over $150K, and yet -- he adds more. Either serious conviction… or just that classic “I’ve come this far” energy. We’ll see which one it is soon enough. Address: 0x9b3b04662098fad71c1487b40f5dc3f4eff9280c

Machi Big Brother just went FULL DEGEN MODE 🚀 Dumped ETH + alts to load up massive leveraged longs: • 6,200 ETH @ 25x (~$13.3M) • 25 BTC @ 40x (~$1.7M) • 55k HYPE @ 10x (~$1.7M) BTC, ETH, HYPE he’s swinging for the fences! 💥 #Bitcoin #Ethereum #HYPE #Leverage #Crypto #MachiBigBrother