TREE NEWS reports: Hyperliquid repurchased and burned 39,980 HYPE tokens over the past 24 hours at a volume-weighted average price of $94.18, worth $3.76 million. Cumulative burns now total 48.84 million HYPE, about $4.64 billion at current prices, or 4.88% of maximum supply. Cumulative revenue has reached $1.27 billion.
Hyperliquid buys back and burns 39,980 HYPE worth $3.76M in 24 hours
AI take
The burn is funded by protocol revenue rather than emissions, which makes it a direct link between Hyperliquid's trading activity and HYPE's supply. At roughly 4.88% of maximum supply removed, the cumulative figure is now large enough that the pace of future buybacks—and whether revenue sustains them—matters more than any single day's total. The open question is whether trading volumes hold up enough to keep the mechanism running at this scale.
Generated by AI for reference only.
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