Hyperliquid: Burns $309K HYPE in 24 Hours

Hyperliquid burned 5.49K $HYPE tokens valued at $309K over the past 24 hours while collecting $1.21M in fees, pushing lifetime burns to 47.71M $HYPE or roughly $2.73B.

Price action at $57.11 sits between the EMA50 support at $55.94 and EMA200 resistance at $58.3, with MACD flashing a death cross at 0.31 and RSI neutral at 57.17 inside the Bollinger band bounded by $55.42 and $58.02. Traders watching HYPE price prediction models note that any push toward the upper band could stall without fresh volume, while a clean hold above the 50-EMA keeps the bullish structure intact amid broader crypto market crash fears.