Hyperliquid's HYPE token trades around $55 on August 7, up roughly 5% on the day but a long way below the $76.81 all-time high it printed back in June. Layer on the AQAv2 upgrade, which routes stablecoin reserve-yield revenue into HYPE buybacks, and you get a self-reinforcing bid. Hyperliquid's fees rise and fall with crypto trading volume, and in a bear market that volume compresses hard. HYPE Price TodayOn August 7, HYPE is grinding at $52 support, with $56 the resistance it needs to reclaim. Was HYPE the one altcoin with genuine fundamentals, temporarily juiced by a buyer who got over its skis?