Hyperliquid: $1.4M Fees, 20.64K HYPE Burned

Hyperliquid generated $1.4M in fees and burned 20.64K HYPE tokens valued at $1.2M in the last 24 hours.

All-time burns now stand at 47.27M HYPE ($2.76B), removing 4.73% of the 1B maximum supply.

HYPE trades at $58.45 inside its Bollinger Bands on the 4h chart, with the EMA50 at $60.08 capping upside while the EMA200 at $63.07 marks deeper resistance; the MACD golden cross at -0.71 adds bullish momentum even as RSI sits neutral at 46.26, so price may probe the $59.82 upper band before any retracement toward the $57 lower support. Traders building HYPE price prediction models factor these burns as structural supply shocks that could buffer against a crypto market crash, while AI industry impact on perpetual volumes continues to lift fee generation.