Hyperliquid burns 21,790 HYPE worth $1.75M in 24 hours
- —21,790 HYPE burned at an average $80.27, worth $1.75M
- —Platform fees for the day estimated at about $1.65M
- —Cumulative burn: 49.69M HYPE, valued at $4.05B
- —That equals 4.97% of the 1 billion maximum supply
Why it matters: Buybacks and burns exceeding daily fee revenue cut HYPE supply and support the token's price.
Source: PANews