Hyperliquid: Burns 11.78K HYPE on $743.9K Fees

Hyperliquid generated $743.9K in fees and burned 11.78K $HYPE ($667.9K) over the last day, pushing all-time burns to 47.30M $HYPE ($2.68B) or 4.73% of the 1B max supply.

With price at $57.12 on the 4h chart, HYPE trades inside Bollinger Bands between $56.54 support and $60.4 resistance while EMA50 at $59.61 and EMA200 at $62.69 cap upside in the bearish structure; the MACD golden cross at -0.16 hints at momentum shift even as RSI at 36.71 stays neutral, setting up a likely test of lower band support before any sustained move higher in HYPE price prediction models amid broader crypto market crash concerns and AI industry impact on perpetuals platforms.