Add as a preferred source on GoogleHyperliquid Burns $3.26 Million Worth of HYPE in 24 Hours
The protocol burned 34,280 Hyperliquid (HYPE) tokens at a volume-weighted average price of $95.25, bringing its cumulative burn to 48.89 million HYPE.
Hyperliquid burned 34,280 Hyperliquid (HYPE) tokens during the latest 24-hour period, removing about $3.26 million worth of the asset from its maximum supply.
The tokens were acquired at a volume-weighted average price of $95.25. The latest transaction brings Hyperliquid’s cumulative HYPE burn to 48.89 million tokens.
That total represents 4.89% of HYPE’s maximum supply and is valued at about $4.51 billion. The protocol’s 30-day revenue totaled $60.58 million.
The latest transaction adds to Hyperliquid’s cumulative supply reduction, which has permanently removed tokens from the amount available under the maximum limit.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.