Over the past 24 hours, Hyperliquid’s Assistance Fund has purchased and burned approximately 9,730 HYPE tokens, spending around $829,500 at an average price of $85.27 per token. With this latest burn, the total amount of HYPE permanently removed from circulation has reached about 48.42 million tokens, representing roughly 4.84% of the original 1 billion HYPE maximum supply.
The buyback-and-burn program is primarily funded by fees generated by the Hyperliquid protocol, while other potential revenue sources could contribute to future burns. At the time of the report, HYPE was trading at around $86, highlighting the continued activity of the protocol’s token buyback mechanism.
#HYPE $HYPE
The buyback-and-burn program is primarily funded by fees generated by the Hyperliquid protocol, while other potential revenue sources could contribute to future burns. At the time of the report, HYPE was trading at around $86, highlighting the continued activity of the protocol’s token buyback mechanism.
#HYPE $HYPE