Hyperliquid burns $3.76M of HYPE in 24 hours via buyback
- —39,980 HYPE worth $3.76M burned in 24 hours at an average price of $94.18
- —Cumulative burns total about 48.84M HYPE, or 4.88% of max supply
- —Hyperliquid's cumulative protocol revenue has reached $1.27 billion
Why it matters: Recurring buybacks and burns cut HYPE supply, using platform revenue to support the token's price.
Source: PANews