PANews reported on June 9th that Citrini Research, the research firm that triggered panic in the AI ​​stock market in February, has listed Hyperliquid and its HYPE token as a new "attractive" investment. The report points out that unlike most crypto assets (including Bitcoin), HYPE generates real cash flow and has a buyback mechanism. The report states that over 90% of the platform's transaction fees are channeled into the buyback fund, and since its launch in January 2025, it has cumulatively repurchased over $2 billion worth of HYPE, accounting for nearly half of the entire crypto industry's token buyback activity last year. The report believes that HYPE's investment logic is increasingly linked to the exchange's business performance. Although the US CFTC opened the regulatory door to crypto perpetual contracts last month, and exchanges like Kraken and Coinbase are racing to launch related products, Hyperliquid stands out in the crypto industry due to its revenue-generating capabilities.