Hyperliquid: Burns $1.64M HYPE in 24 Hours

Hyperliquid burned $1.64 million worth of $HYPE in a single day, with 21.04K tokens purchased and destroyed at an average price of $77.93 according to Onchain Lens.

HYPE trades at $78.51 on the 4-hour chart inside a bearish structure defined by the EMA50 at $82.78 and EMA200 at $84.49. The MACD death cross at -2.05 keeps momentum negative while RSI at 39.41 remains neutral, leaving price wedged between the lower Bollinger support at $74.7 and upper resistance at $88.47.