Hyperliquid Had the Second-Worst Week of the Top 50 Cryptos. Claude AI Predicts What HYPE Could Be Worth by 2027
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Hyperliquid (CRYPTO: HYPE) had a rough week, with its price falling 12.4%, one of the worst performances among the top 50 cryptocurrencies. That same week, XRP (CRYPTO: XRP) fell 11.5%, while Bitcoin (CRYPTO: BTC) held up better with a 3% decrease. Yet Claude, Anthropic’s AI model, gives a HYPE price prediction for 2027 with a base target of $92 by the end of that year.
HYPE trades at $75, down 14.5% for the month and 23.4% below its all-time high of $98, reached on September 23. Even so, HYPE is still up around 195% this year, and Claude’s forecast relies almost entirely on Hyperliquid’s token buybacks.
But can a buyback program help HYPE recover its losses after such a challenging week?
Why HYPE Fell 12.4% in a Week While Bitcoin Lost 3%
The decline is partly due to Hyperliquid’s business as a decentralized exchange for perpetual futures, contracts that track a coin’s price without expiring. Platforms like that are especially vulnerable to market-wide sell-offs. In fact, over $1 billion in borrowed crypto positions were liquidated, or forcibly closed, in the 24 hours up to November 8.
Binance also froze HYPE withdrawals after its October hack, but it has since reopened them. That reopening lets holders move coins off Binance to sell elsewhere, which could test HYPE’s ability to hold above $75.
Large holders have also added to traders’ concerns. Whale Alert reported about 412,000 HYPE, worth about $30.6 million, moving into and out of FalconX, a broker that handles large institutional trades, on November 9. Moreover, Hyperliquid’s biggest traders have turned short on Bitcoin for the first time in seven months, a sign they expect lower prices ahead.
Hyperliquid’s Buybacks Could Remove 10.6 Million to 12 Million HYPE in 2027
Hyperliquid sends 95% to 99% of its protocol revenue toward buying back HYPE on the open market. So far, it has repurchased more than $1.26 billion of its tokens. Research from DWF Labs found that 13 of 15 tokens with buyback programs outperformed Bitcoin in 2026.
Claude forecasts around $900 million in buybacks for 2027, implying revenue of $910 million to $950 million. At an average price of about $85, that could buy about 10.6 million HYPE, or 4.4% of the circulating supply. In the bear scenario, $500 million spent at about $45 could buy around 11.1 million tokens, while the bull scenario’s $1.5 billion at $125 could buy roughly 12 million.
A lower price buys more tokens, which keeps the buyback’s impact similar across scenarios. However, supply dilution works against these buybacks. HYPE has 239.4 million tokens in circulation out of a total supply of 1 billion, which gives it an $18 billion market cap against a fully diluted value of about $75 billion. Scheduled token unlocks for the team will continue to add to the circulating supply.
At the current supply, Claude’s $92 base target equals about $22 billion in market cap, while its $145 bull target equals around $34.7 billion. As more tokens unlock, the market cap needed to reach those prices will rise.
Claude Sees HYPE Trading Between $42 and $145 in 2027
| Date | Bear Scenario | Base Scenario | Bull Scenario |
|---|---|---|---|
| June 30, 2027 | $48 (-36.1%) | $82 (+9.2%) | $115 (+53.2%) |
| December 31, 2027 | $42 (-44.1%) | $92 (+22.5%) | $145 (+93.1%) |
Claude’s June 2027 base scenario has buybacks absorbing supply while the market stabilizes. In the bear scenario, further declines in Bitcoin, lower trading volume, and shrinking buybacks could lead large holders to sell into a thin market. By December 2027, that scenario would see Hyperliquid’s exchange revenue halve while token unlocks outpace buybacks.
The bull scenarios depend on a return of leveraged trading, rising fee income, and new demand from HyperEVM, Hyperliquid’s smart-contract chain. Elysium, a Layer 2 network that bundles transactions on HyperEVM and uses HYPE for fees, launched on November 9. However, a delayed U.S. expansion could slow that growth, a risk ChatGPT weighed in its view of HYPE if the U.S. deal slips.
Can HYPE Recover Its All-Time High by 2027?
Claude estimates a 55% chance that HYPE reclaims its $98 all-time high before the end of 2027, a 30.5% increase from $75. For that to happen, HYPE first has to stay above its November 8 low of $74, only 1.4% below its price, and then recover its 50-day average around $85, 13.2% higher, before a run at $98 becomes realistic.
The buyback program is the key factor in Claude’s analysis. Monthly buybacks averaging more than $75 million make a return to $98 more likely than not, while an average below $40 million could keep it out of reach. If monthly buybacks exceed $125 million for three straight months, Claude’s $92 base target could rise to around $120. Conversely, an exploit or failed liquidation on Hyperliquid could cut that target to about $55.
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Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.
