Hyperliquid: Burns $10.15M HYPE in Single Day

Hyperliquid executed a $10.15M HYPE buy-and-burn over 24 hours, acquiring 112.58K tokens at a $90.20 VWAP funded by platform fees and AQAv2 revenue sources explained in recent on-chain data.

Estimated 24-hour fees reached $989K while 7-day revenue hit $9.85M and 30-day revenue totaled $52.06M, bringing cumulative burned supply to 49.25M HYPE valued at roughly $4.45B.

Price action on the 4h chart shows HYPE holding a bullish structure above the EMA50 at $89.47 and EMA200 at $86.28 with MACD confirming a golden cross at 0.41; the token trades inside the Bollinger band near upper resistance of $91.68 while RSI sits neutral at 56.89, suggesting a measured pullback toward the 50-EMA support before any extension higher in ongoing HYPE price prediction models tied to the Hyperliquid HYPE token burn mechanism.