Hyperliquid: Burns $2.08M HYPE in 24 Hours

Hyperliquid executed a $2.08M buyback burn of 28.52K HYPE tokens at an average price of $73.09 over the past 24 hours, according to Onchain Lens. Total burned supply now stands at 50.42M HYPE valued near $3.61B, representing 5.04% of issuance, while lifetime revenue reached $1.41B and 30-day revenue hit $68.17M.

Price action on the 4h chart shows HYPE trading at $71.78 inside the Bollinger Bands with lower support at $71.37. The EMA50 at $78.33 and EMA200 at $82.83 continue to act as overhead resistance in the prevailing bearish structure, while RSI at 31.6 sits neutral and MACD registers a death cross at -1.87. A test of the lower band could accelerate downside before any relief toward the 50-EMA.