HYPE: Sets Gen 2 Token Standard Amid Buybacks

HYPE leads the shift to Gen 2 tokens through real value capture and buybacks, according to Bitwise CIO Matt Hougan who called the token the clearest sign crypto has entered a new era on May 29 2026. Hyperliquid stands apart from prior altcoins because its structure includes actual revenue distribution and institutional inflows rather than pure speculation. Price action on the 4h chart shows HYPE trading at $67.12 inside a bullish structure defined by EMA50 at $58.96 and EMA200 at $50.21 while MACD registers a golden cross at 1.21; with price now testing the upper Bollinger Band resistance at $66.18 and RSI at 67.62, the setup points to a measured pullback toward the 50-EMA support before continuation. Over the past year Bitcoin dominance and regulatory clarity have created the backdrop for tokens like HYPE to demonstrate sustainable mechanics that earlier cycles lacked. HYPE price prediction models now factor in recurring buyback flows that differentiate it from legacy narratives.