DeFi· ★★★· bullish·

Hyperliquid burns 226,400 HYPE worth $19.5M in a week

  • —226,400 HYPE burned over seven days, valued at about $19.5 million
  • —44,840 HYPE repurchased on September 21 at an average $93.75
  • —Single-day burn on September 21 totaled roughly $4.24 million
  • —Trading fees are auto-converted to HYPE via the Assistance Fund and burned
Why it matters: The burns cut HYPE supply in proportion to trading activity, tightening the token's float as exchange volumes grow.
#HYPE
Source: TokenPost
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