HYPE Retreats From Record High of $97.93 to $91.59
- —HYPE fell 1.68% to $91.59, 6.47% below its ATH of $97.93 set September 23
- —48.89 million HYPE burned, equal to 4.89% of max supply
- —34,280 HYPE repurchased in 24 hours for $3.26 million at an average of $95.25
- —Market cap $23.01 billion, daily volume $1.1 billion, RSI at 60.3
Why it matters: The deflationary buyback-and-burn mechanism underpins demand, but the pullback from $100 signals profit-taking after a 113% yearly gain.
Source: DiarioBitcoin