Hyperliquid Buys and Burns 20,200 HYPE Worth About $1.8 Million

Hyperliquid bought and burned 20,200 HYPE in a 24-hour period, spending about $1.8 million as the protocol’s cumulative token burns reached 49.09 million HYPE.

The tokens were acquired at a volume-weighted average price of $89.05. The cumulative amount represents 4.91% of HYPE’s maximum supply and is valued at about $4.29 billion.

Hyperliquid generated $55.89 million in revenue over the past 30 days.