The Hyperliquid (HYPE) price is surging, exceeding $4,500 thanks to aggressive buyback programs fueled by a governance proposal designed to bolster its ecosystem. While the protocol aims to redirect a portion of daily fees towards supporting new projects like PURR and Kinetiq, critics argue that buybacks should remain solely focused on HYPE itself. 🧐 🏆 Hyperliquid currently holds more than six times the market value in buyback volume compared to competitor Pump.fun. This dynamic suggests that while the debate surrounding buybacks continues within the community, the price of HYPE is being driven by a powerful underlying engine of liquidity and execution reliability. 📈 Even with increased competition in decentralized exchanges, Hyperliquid remains at the forefront, solidifying its position as the token behind a critical market. The future of HYPE looks promising if this buying spree continues. A recent surge has seen HYPE trade around $37.89 today, potentially reaching the $50 mark within short term and even beyond that to triple-digit pricing in a longer time frame, given sustained growth in decentralized trading.