Hyperliquid has burned a total of about 50.47 million HYPE tokens, which equals 5.05% of the total supply and had a market value of approximately $3.55 billion at the time of the snapshot. In the 24 hours before November 12, the platform bought and burned around 21,200 HYPE tokens valued at $1.53 million. This token burn is part of Hyperliquid's fee-to-burn process, where protocol fees are used to buy HYPE tokens that are then permanently removed from circulation. The platform's cumulative revenue reached about $1.41 billion, including $68.82 million earned in the last 30 days. This ongoing burn reduces token supply, potentially increasing token value over time.
The story on Hyperliquid's token burn provides context for readers interested in cryptocurrency markets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 12, 2026 23:41 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell. Notable movers include UNI at Rp109.878 with a 1-day change of -7.50%, ZIL at Rp27 with -5.40%, and LINK at Rp180.290 with -4.99%.
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