Hyperliquid: Burns $1.39M HYPE in 24 Hours

Hyperliquid bought and burned 17.71K $HYPE tokens worth $1.39M over the past 24 hours at a $78.37 VWAP, pushing cumulative burns to 48.60M tokens valued at $3.88B and equaling 4.86% of the 1B max supply.

Price action on the 4h chart shows HYPE at $79.69 inside the Bollinger band with upper resistance at $81.63 and lower support at $77.12 while EMA50 sits at $81.26 as resistance and EMA200 at $75.01 as support; RSI at 47.78 remains neutral and MACD registers a bullish golden cross at -0.9, suggesting any test of upper band resistance could trigger a measured pullback toward the 50-EMA before continuation. HYPE price prediction models now factor the ongoing supply reduction effects into forward valuations as Hyperliquid token burn activity accelerates.