FeesSafety
Pluang+

Hyperliquid burns 49.87M HYPE tokens, nearly 5% of max supply, worth $3.89B total burned value

Protocol Fundamentals
29 Oct 2026, 07:17 WIB
Tokenpost
View Source
Bullish
Hyperliquid burns 49.87M HYPE tokens, nearly 5% of max supply, worth $3.89B total burned value

Hyperliquid has permanently burned a total of 49.87 million HYPE tokens, representing 4.99% of the token's 1 billion maximum supply. In the latest 24-hour period, 19,700 HYPE tokens were burned, valued at approximately $1.59 million. The cumulative revenue generated from these activities has reached $1.38 billion, with estimated fees for the last day at $1.69 million. This ongoing burn reduces token supply, potentially impacting token value and investor interest over time.

Hyperliquid's recent burn of 49.87 million HYPE tokens is the focus, with Pluang market data providing context as of Oct 29, 2026 10:41 WIB: out of 50 major cryptocurrencies, 6 rose and 42 fell. Notable movers include BAT at Rp2.533 with a 1-day change of -6.07% and 100% buy order activity, KSM at Rp65.839 with a -5.41% change and 87% sell activity, and AXS at Rp16.817 with a -5.41% change and 99% sell activity. The most notable figure is BAT's full buy-side order activity.

More News

Global music market to grow at 8.07% CAGR, reaching $57.74B by 2032 driven by streaming and digital access.

Global music market to grow at 8.07% CAGR, reaching $57.74B by 2032 driven by streaming and digital access.

The global music market is projected to grow from $36.13 billion in 2026 to $57.74 billion by 2032, at a CAGR of 8.07%, fueled by paid streaming subscriptions, smartphone adoption, and digital music discovery. North America remains the largest market...

Market News
Bullish
2 hours ago
Binance received large USDT transfers but also saw significant outflows recently.

Binance received large USDT transfers but also saw significant outflows recently.

Binance received two large inbound transfers of Tether (USDT), one of 39.8 million on Oct. 29 and another of 38.24 million on Oct. 19, both from unidentified wallets. However, these single transfers do not indicate the overall net flow of USDT on the...

Market News
Neutral
4 hours ago
World Liberty Financial deposits $8.06M in WLFI tokens to four major crypto exchanges.

World Liberty Financial deposits $8.06M in WLFI tokens to four major crypto exchanges.

World Liberty Financial transferred a total of 156.31 million WLFI tokens, valued at approximately $8.06 million, to four major cryptocurrency exchanges: Binance, Gate, Coinbase, and MEXC. The combined deposit figure does not specify the amount sent ...

Market News
Neutral
4 hours ago
New wallet deposits $4M USDC, opens $1.77M 5x leveraged long on 3,000 Monero (XMR)

New wallet deposits $4M USDC, opens $1.77M 5x leveraged long on 3,000 Monero (XMR)

A newly created cryptocurrency wallet deposited 4 million USDC on the Hyperliquid platform and then opened a 5x leveraged long position in 3,000 Monero (XMR), worth approximately $1.77 million. This move indicates significant bullish sentiment on Mon...

Market News
Neutral
4 hours ago
New wallet deposits $4M USDC, opens $1.77M 5x leveraged long on Monero, risking over half the deposit.

New wallet deposits $4M USDC, opens $1.77M 5x leveraged long on Monero, risking over half the deposit.

A newly created wallet deposited $4 million in USD Coin (USDC) to the Hyperliquid platform and opened a 5x leveraged long position on 3,000 Monero (XMR), valued at about $1.77 million. This position is significantly lower in value than the initial de...

Market News
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App