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Hyperliquid burns $10.15M in tokens after $14.5M revenue boost, pushing HYPE price above $91 resistance.

Protocol Fundamentals
05 Oct 2026
AMBCrypto
View Source
Bullish
Hyperliquid burns $10.15M in tokens after $14.5M revenue boost, pushing HYPE price above $91 resistance.

Hyperliquid activated the AQAv2 framework in August, earning $14.5 million in USDC interest that was routed to its Assistance Fund. The protocol used $10.15 million of these funds to buy back and burn 112.58K HYPE tokens, a significant deflationary move. This sparked a strong market reaction, with HYPE breaking the $91 resistance level and rising to around $93.4 amid increased trading volume and bullish technical signals. However, rising spot market inflows pose a risk of price pullback if selling pressure intensifies.

As of Oct 06, 2026 09:21 WIB, HYPE on Pluang trades at Rp1.686.660 with a 1-day gain of 3.79%. The token's circulating supply stands at 250.6 million out of a total 951 million, representing 27% available on the market. Despite the recent burn and price surge reported, Pluang shows a balanced order activity with 58% selling and 42% buying, and a typical hold time of 37 days.

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