Hyperliquid Burns 47.67M HYPE Tokens Worth $2.75B, Reducing Supply by 4.77%

Hyperliquid eliminates $2.75B in HYPE tokens, representing 4.77% of total supply. Recent 24h burn of 19,750 HYPE follows $1.6M in protocol fees.

Woofun AI data shows that Hyperliquid eliminated 19,750 HYPE tokens valued at $1.13 million over the past 24 hours, while protocol fees reached $1.6 million during the same timeframe. Cumulative burns now total 47.67 million HYPE, equivalent to $2.75 billion and 4.77% of the 1 billion maximum supply.