Bullish
Hyperliquid Burns 8,570 HYPE in 24h; Cumulative Burn Hits 46.17M Tokens
2026-08-02 02:11:01
Hyperliquid burned 8,570 HYPE ($449k) in 24h, bringing total burn to 46.17M tokens (4.62% of supply). $1.45M revenue allocated to Assistance Fund.
Woofun AI data shows that Hyperliquid burned 8,570 HYPE tokens over the last 24 hours, representing a value of approximately $449,400. The protocol also directed $1.45 million in revenue toward its Assistance Fund during this period.
The cumulative historical burn volume for HYPE has reached 46.17 million tokens, equivalent to roughly $2.4 billion. This figure constitutes 4.62% of the token's maximum supply of 1 billion.
WOOFUN AI
Impact Assessment · Quick Read
The continued burn mechanism reduces circulating supply, potentially supporting price stability through deflationary pressure. Allocating significant revenue to the Assistance Fund highlights a focus on ecosystem resilience and user support. With nearly 5% of total supply already burned, the tokenomics structure remains a key factor for long-term holder sentiment.
Generated by WOOFUN AI · For reference only, not investment advice
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