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Hyperliquid Has Irreversibly Destroyed 49.87 Million HYPE Tokens
Hyperliquid has reportedly removed a total of 49.87 million HYPE from circulation, about 4.99% of the maximum supply of 1 billion tokens. The supply reduction could support the price, but the outcome depends on demand.
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According to ForkLog, the total amount of HYPE tokens irreversibly burned stands at 49.87 million. At the exchange rate cited by the outlet, their value is about $3.89 billion, and their share of the maximum issuance of 1 billion tokens is 4.99%.
Separately, another 19,700 HYPE, worth about $1.59 million, were destroyed on October 28.
The outlet also provides data on the platform: Hyperliquid's daily fees are estimated at $1.69 million, and cumulative revenue has reached $1.38 billion.
A continuous reduction in supply decreases the number of tokens available on the market and could theoretically support the price. However, the scale of the burning relative to demand is unclear, and current forecasts for HYPE are close to neutral.
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ForkLog
Mídia especializada · RU · publicado 29 out, 05:39