Hyperliquid: $2.22M Fees Burn 27.27K HYPE

Hyperliquid generated $2.22M in fees and burned 27.27K $HYPE ($1.51M) over the last day, lifting all-time burns to 46.08M $HYPE ($2.55B) or 4.61% of the 1B max supply.

Price action on the 4h chart shows HYPE at $55.32 trading below EMA50 resistance at $58.74 inside a bearish structure confirmed by the MACD death cross at -0.97, while RSI at 34.27 keeps momentum neutral and price hovers near lower Bollinger support at $54.31.