Hyperliquid: $4.4M Revenue, $4.24M HYPE Burned

Hyperliquid posted $4.4 million in revenue over the past 24 hours while burning $4.24 million worth of HYPE, underscoring the exchange's tokenomics and revenue model that continues to drive consistent buy pressure on its native token. Price currently sits at $69.66 on the 4h chart inside a bullish trend where both EMA50 and EMA200 converge at $59.1, establishing that level as durable support. With price testing upper Bollinger resistance at $68.84 and RSI(14) at 82.39 flashing overbought conditions, a healthy retracement toward the 50-EMA support at $59.1 appears probable before further continuation, especially as MACD maintains its golden cross at 2.53. This revenue-burn dynamic reinforces long-term HYPE price prediction models tied to perpetuals volume growth rather than short-term hype cycles.