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Hyperliquid Burns About $956,800 Worth of HYPE in 24 Hours
The latest burn brings Hyperliquid’s cumulative HYPE burned to 48.96 million tokens, valued at about $4.48 billion.
Hyperliquid bought and permanently burned 10,400 HYPE tokens in the latest 24-hour period, spending about $956,800 and bringing the protocol’s cumulative HYPE burned to 48.96 million tokens.
The tokens were acquired at a volume-weighted average price of $91.97. The cumulative total is valued at about $4.48 billion and represents 4.9% of HYPE’s maximum supply.
Hyperliquid generated $58.27 million in revenue over the past 30 days.
