Kinetiq: Ascend buyback allocation shifts to 50% HYPE / 50% KNTQ - 30 Sep 2026

Kinetiq announced a change to the Ascend buyback allocation, moving from 90% HYPE and 10% KNTQ to an even 50/50 split between the two tokens. Of the KNTQ purchased through the program, 60% will be burned, 20% will deepen kHYPE/KNTQ liquidity, and the remaining 20% will fund the Ascend points program.The reallocation directs half of Ascend's buyback capital into KNTQ, with most of those tokens removed from supply through burning. This creates recurring buy pressure and a steady reduction in circulating KNTQ tied to Ascend activity. The remaining allocations support the kHYPE/KNTQ market and the points program that drives participation. The effect on KNTQ depends on how much buyback capital Ascend generates, since the split applies to whatever the program spends.Ascend tokenomics updateBuybacks are moving from 90% HYPE / 10% KNTQ to 50% HYPE / 50% KNTQ. is core to how we're building on Hyperliquid. Our fee loop should reflect that. We're doubling down on the teams building Hyperliquid's foundation.Of the KNTQ purchased,…