On-chain data shows that an address tied to reserve yield for Hyperliquid’s AQAv2 transferred 2.5247 USDC to the Assistance Fund at 00:00 UTC on Nov. 2, according to ChainCatcher. The small transfer resembles a pattern seen last month before a larger reserve-yield payment arrived, drawing attention to the possibility that a second USDC reserve-yield settlement may be near.
Market estimates cited in the report suggest the current round of reserve yield could exceed $15 million. Based on an HYPE price of about $83, that would translate into potential buyback capacity of roughly 180,000 HYPE. The report also noted that Hyperliquid’s first USDC reserve-yield payment, worth about $14.58 million, arrived in early October and was used to support HYPE buybacks.
For now, the second large transfer has not yet arrived. The final amount of funds and the eventual scale of any buyback remain unconfirmed.
On-chain data shows that an address associated with reserve yield for Hyperliquid’s AQAv2 transferred 2.5247 USDC to the Assistance Fund at 00:00 UTC on Nov. 2, according to ChainCatcher.
The move mirrors the small-transfer pattern seen last month before a larger reserve-yield payment was received. In the report, that pattern was cited as a sign that a second USDC reserve-yield settlement could be approaching.
Market estimates referenced by ChainCatcher put the current round of reserve yield at more than $15 million. At an HYPE price of about $83, that would equal potential buyback funds for roughly 180,000 HYPE.
Earlier, Hyperliquid received its first USDC reserve-yield payment of about $14.58 million in early October, and those funds were used to support HYPE buybacks.
As of now, the second large transfer has not arrived, and the exact amount as well as the size of any buyback is still awaiting confirmation.
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