Hyperliquid Burns $1.53 Million in HYPE Tokens in 24 Hours Amid Price Dip

Hyperliquid defies the crash as buybacks and burns support the HYPE price

The crypto market is deep in the red on Friday. Bitcoin has slipped below $70,000 and is down around five percent in 24 hours (data: CoinGecko ). Almost…

Hyperliquid Burns 50.7M HYPE: Can Buybacks Stop the Token’s Downtrend?

The post Hyperliquid Burns 50.7M HYPE: Can Buybacks Stop the Token’s Downtrend? appeared first on Coinpedia Fintech News Hyperliquid is accelerating its HYPE buybacks, but the token is still struggling to reverse its downward trend. The protocol reportedly removed...

Hyperliquid Burns 50.7M HYPE: Can Buybacks Stop the Token's Downtrend?

The post Hyperliquid Burns 50.7M HYPE: Can Buybacks Stop the Token’s Downtrend? appeared first on Coinpedia Fintech News Hyperliquid is accelerating its HYPE buybacks, but the token is still struggling to reverse its downward trend. The protocol reportedly removed another 21,290 HYPE from circulation in 24 hours, taking cumulative burns beyond 50.7 million tokens. With lifetime revenue reaching approximately $1.4 billion, the fundamentals remain…

Hyperliquid Burns $1.53M in HYPE Tokens as Price Continues to Fall

TL;DR Hyperliquid repurchased and permanently burned 21,200 HYPE tokens in 24 hours, spending approximately $1.53 million at an average price of $72.31. Total token burns have reached 50.47 million HYPE, equivalent to 5.05% of the maximum one-billion-token supply. Despite HYPE falling below $75, Hyperliquid continues to generate substantial revenue, recording $68.82 million over the past ...

Hyperliquid Burns $1.53 Million Worth of Its Token in 24 Hours

Cumulative burns reached 50.47 million HYPE, equal to 5.05% of supply.

Hyperliquid Burns $1.53 Million in HYPE Tokens in 24 Hours Amid Price Dip

As HYPE dips below $70, Hyperliquid buys back 21,200 tokens and pushes total lifetime burns past 5% of supply.