Burning 113,400 HYPE a day, money pouring into the burn furnace—and yet the price is just playing dead around $78?
Hyperliquid’s money printer burned about $890,000 worth of its own tokens in 24 hours. So far, it’s burned 49.63 million tokens worth about $3.9 billion, or 4.96% of the total supply. The protocol raked in a staggering $69.94 million in fees over 30 days, while its buyback engine scooped up $59.54 million worth over the same period.
And it’s not just the protocol buying: Hyperliquid Strategies, a treasury firm, dropped another $29.65 million on 365,000 tokens in 24 hours. It’s accumulated 3.029 million tokens worth $252 million in 15 days, funded by an equity financing facility expanded to $2.5 billion. The Assistance Fund holds 47.12 million tokens, worth around $1.3 billion.
So here’s the question: three sources of buying power are all firing, yet HYPE is still down about 7% on the week and going nowhere. Is the buyback a deflationary dream—or just a smokescreen for a price that keeps sliding?
Let the debate begin: A) The burned supply will eventually send it to new highs—just hold on; B) No matter how aggressive the buybacks, they can’t save retail from panic—get out.
$HYPE $BTC $ETH #Hyperliquid #Buybacks
Hyperliquid’s money printer burned about $890,000 worth of its own tokens in 24 hours. So far, it’s burned 49.63 million tokens worth about $3.9 billion, or 4.96% of the total supply. The protocol raked in a staggering $69.94 million in fees over 30 days, while its buyback engine scooped up $59.54 million worth over the same period.
And it’s not just the protocol buying: Hyperliquid Strategies, a treasury firm, dropped another $29.65 million on 365,000 tokens in 24 hours. It’s accumulated 3.029 million tokens worth $252 million in 15 days, funded by an equity financing facility expanded to $2.5 billion. The Assistance Fund holds 47.12 million tokens, worth around $1.3 billion.
So here’s the question: three sources of buying power are all firing, yet HYPE is still down about 7% on the week and going nowhere. Is the buyback a deflationary dream—or just a smokescreen for a price that keeps sliding?
Let the debate begin: A) The burned supply will eventually send it to new highs—just hold on; B) No matter how aggressive the buybacks, they can’t save retail from panic—get out.
$HYPE $BTC $ETH #Hyperliquid #Buybacks