Hyperliquid: Burns $1.8M HYPE in 24 Hours

Hyperliquid bought and burned 20.21K $HYPE tokens worth $1.80M over the past 24 hours at a $89.05 VWAP, pushing lifetime burns to 49.09M tokens valued at $4.29B or 4.91% of max supply while generating $55.89M in 30-day revenue.

Price action on the 4h chart shows HYPE trading at $87.59 inside the Bollinger Bands with upper resistance at $90.82 and lower support at $84.64. The token sits below the EMA50 at $89.47 yet above the EMA200 at $84.89, while the MACD registers a bullish golden cross at -0.48 and RSI holds neutral at 45.62, pointing to a likely test of upper band resistance before any pullback to the 50-EMA level.