Hyperliquid: Burns 19.75K HYPE Tokens in 24 Hours

Hyperliquid burned 19.75K HYPE tokens valued at $1.13 million in the last 24 hours while the protocol collected $1.60 million in fees.

All-time burns now total 47.67 million HYPE, or 4.77 percent of the 1 billion maximum supply, equating to $2.75 billion at prevailing prices.

HYPE trades at $57.52 on the four-hour chart between EMA50 support at $55.52 and EMA200 resistance at $58.30. The MACD golden cross at 0.69 signals sustained bullish momentum while RSI at 63.07 stays neutral, leaving scope for a push toward the upper Bollinger Band at $58.13 before any retracement to the $55.52 EMA50 level.