Hyperliquid: Burns $1.32M HYPE in 24 Hours

Hyperliquid executed a 24-hour buyback that torched 15.35K HYPE tokens worth $1.32 million at an average price of $86.17, pushing lifetime burns to 48.45 million tokens valued at roughly $4.11 billion and permanently erasing 4.84 percent of maximum supply.

The move underscores the strength of Hyperliquid's token burn mechanism and buyback and burn program impact on supply, tightening scarcity even as traders monitor HYPE price prediction models amid broader crypto market conditions. Price action shows HYPE at $84.52 hugging the EMA50 support at $84.45 while the EMA200 at $73.99 anchors the longer-term bullish structure; the MACD death cross at 0.31 flashes near-term caution, RSI sits neutral at 45.17, and the token trades inside Bollinger Bands with upper resistance at $88.69 and lower support at $83.15, suggesting a possible quick test of the lower band before any continuation higher.