Hyperliquid: Burns $3.76M HYPE in 24 Hours

Hyperliquid executed a $3.76M buy-and-burn of 39.98K HYPE at a $94.18 VWAP in the last 24 hours, lifting lifetime burns to 48.84M tokens valued at $4.64B and removing 4.88% of max supply while cumulative revenue reached $1.27B.

Traders tracking HYPE price prediction note the protocol's consistent token destruction continues to tighten supply even as broader crypto market crash fears linger from earlier 2026 volatility.

Price action on the 4h chart shows HYPE at $95.42 testing the upper Bollinger Band resistance at $95.65 with RSI at 65.73 still neutral and MACD printing a death cross; the bullish structure above EMA50 support at $88.65 and EMA200 at $79.31 suggests any healthy retracement toward the 50-EMA remains probable before continuation higher.