Hyperliquid: Burns 25.9K HYPE Amid $2.67M Fees

Hyperliquid burned 25.90K HYPE tokens valued at $1.40M over the last 24 hours while the protocol generated $2.67M in fees, lifting all-time burns to 46.13M HYPE or 4.61% of the 1B max supply.

With HYPE trading at $55.26 inside the Bollinger Bands, price tests upper resistance at $57.35 while the MACD golden cross builds momentum above neutral RSI at 47.71; a sustained move higher would still need to clear the EMA50 at $57.04 before any deeper retracement toward the $52.6 lower band support, shaping near-term HYPE price prediction around Hyperliquid token burn mechanism and ongoing protocol fee generation.