Citrini says Hyperliquid's legitimate cash flow, token buyback strategy make for 'compelling' investment

Citrini Research called Hyperliquid a compelling investment, citing the protocol's ability to generate significant cash flow while funding a large-scale token buyback program.

"Unlike the memetic majority of crypto (bitcoin included), HYPE generates legitimate cash flow," Citrini said in its Substack published Monday. "Over 90% of the fees generated from the platform are redirected into the…