Hyperliquid: Burns $1.07M HYPE With $1.45M Fees

Hyperliquid burned roughly $1.07 million worth of $HYPE over the past 24 hours while generating $1.45 million in fees, according to on-chain data from @OnchainLens. The latest burn lifts the all-time total to 47.62 million $HYPE tokens valued at $2.63 billion, equal to 4.76 percent of the one-billion maximum supply.

Price action on the four-hour chart shows $HYPE trading at $55.35 inside the Bollinger Bands with the upper resistance at $55.68. The EMA50 at $55.03 continues to act as immediate support while the EMA200 at $58.43 caps longer-term upside. MACD registers a bullish golden cross at 0.05 and RSI sits neutral at 53.63, suggesting buyers retain control yet face short-term exhaustion near the upper band before any extension higher. Traders watching HYPE price prediction models now focus on whether the next leg tests the 50-EMA confluence or pushes through $55.68 resistance.