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Hyperliquid burns $1.64M worth of HYPE tokens to reduce supply via fee-to-burn process

Protocol Fundamentals
09 Nov 2026, 00:44 WIB
Tokenpost
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Bullish
Hyperliquid burns $1.64M worth of HYPE tokens to reduce supply via fee-to-burn process

Hyperliquid purchased and burned 21,040 HYPE tokens, valued at approximately $1.64 million, over a 24-hour period. The average price per token was $77.93. This burn was part of Hyperliquid's Assistance Fund initiative, which converts protocol fees into HYPE tokens and then permanently removes them from circulation through a fee-to-burn process. This action reduces the total supply of HYPE tokens, potentially impacting their market value and scarcity.

As of Nov 09, 2026 06:01 WIB, HYPE trades at Rp1.352.086 on Pluang, showing a 3.32% decline in the last day. The market cap stands at Rp339,44 trillion, indicating significant value in circulation. Trading volume remains active at Rp11,58 trillion over 24 hours, with buyers dominating at 74% of order activity.

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