---
title: "Citrini Research calls Hyperliquid, HYPE token a new “compelling” idea"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289092833.md"
description: "Citrini Research has identified Hyperliquid and its HYPE token as a 'compelling' investment idea. The firm highlights that the blockchain-based perpetual futures exchange generates significant cash flow, with $1.06 billion in annualized fees. Over 90% of these fees fund an Assistance Fund for HYPE buybacks, which have exceeded $2 billion since January 2025."
datetime: "2026-06-08T18:42:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289092833.md)
  - [en](https://longbridge.com/en/news/289092833.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289092833.md)
---

# Citrini Research calls Hyperliquid, HYPE token a new “compelling” idea

Citrini Research, the firm that sparked fears of an AI bubble in February, has flagged crypto exchange Hyperliquid and its HYPE token as a new “compelling” idea. In a report Monday, Citrini said HYPE “generates legitimate cash flow” and has a buyback mechanism, according to CoinDesk, citing an excerpt shared on social media. Hyperliquid, a blockchain-based perpetual futures exchange, has generated $1.06 billion in annualized fees and about $220 billion in 30-day perp volume, per DeFiLama. Citrini said over 90% of fees go to an Assistance Fund that buys HYPE; cumulative purchases since January 2025 have surpassed $2 billion.

### Related Stocks

- [THYP.US](https://longbridge.com/en/quote/THYP.US.md)
- [BHYP.US](https://longbridge.com/en/quote/BHYP.US.md)
- [HYPG.US](https://longbridge.com/en/quote/HYPG.US.md)

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