Hyperliquid: Burns $1.12M HYPE in 24 Hours

Hyperliquid burned roughly $1.12M worth of $HYPE over the past 24 hours while collecting $1.41M in fees, bringing total burns to 47.57M tokens valued at $2.64B and equal to 4.76% of the 1 billion maximum supply.

Price action on the 4h chart shows HYPE at $55.69 testing the upper Bollinger Band resistance at $57.56 with RSI(14) neutral at 51.05; the MACD death cross signals fading momentum, so a retracement toward the EMA50 support at $55.4 looks probable before any push higher. Traders tracking HYPE price prediction now weigh this burn cadence against broader crypto market crash risks and potential AI industry impact on perpetual futures demand.