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Hyperliquid burns $1.2M HYPE tokens to curb inflation amid price pressure below $60

Protocol Fundamentals
26 Jul 2026
AMBCrypto
View Source
Bullish
pluang ai news

Hyperliquid has used $1.2 million of its revenue to burn 20.64K HYPE tokens as part of its deflationary strategy to control supply and support the token price, which remains below $60. Since August 2025, the project has generated $800 million in net income, mostly from HyperCore, and spent over $1 billion on buybacks and burns, reducing the circulating supply by over 15%. Despite strong buying pressure and positive net flow, technical indicators show sellers still dominate, and HYPE must close above $60 daily to confirm a bullish reversal; otherwise, a pullback toward $56 is likely.

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