Hyperliquid burns another 36,700 HYPE worth $2.84M, total reaches 48.67M tokens
- —36,700 HYPE burned for $2.84 million at an average price of $77.31
- —Cumulative burn totals 48.67 million HYPE (4.87% of supply)
- —The value of burned tokens is estimated at $3.78 billion
Why it matters: Regular buybacks reduce HYPE supply, supporting the token's scarcity, but do not by themselves guarantee price gains.
Source: TokenPost