Hyperliquid Burns $10.15M in HYPE, but $340M Unlock Caps Price Near $100
- —112,580 HYPE worth $10.15M burned; 49.25M tokens removed from supply in total
- —Protocol revenue hit $989K in 24 hours and $52.06M over 30 days
- —The $340M unlock is more than 33 times the size of the latest burn
- —Grayscale added BitGo Bank & Trust as a second custodian for its Hyperliquid staking ETF
Why it matters: Whether demand absorbs the unlock will decide if HYPE breaks $100 toward $110 or stays range-bound near $90.
Source: Coinpedia