Citrini Research calls Hyperliquid a 'compelling' idea

Citrini Research, the firm behind February's AI stock meltdown, named Hyperliquid and its HYPE token a 'compelling' investment. Hyperliquid generates about $1.06 billion in annualized fees, with over 90% funneled into a buyback fund that purchased over $2 billion of HYPE since January 2025.