Hyperliquid Burns 4.99% of HYPE Supply

Hyperliquid has permanently burned 49.87M $HYPE tokens valued at $3.89B, representing 4.99% of its 1B max supply according to @OnchainLens.

Past 24h burns reached 19.7K tokens for $1.59M while estimated fees hit $1.69M and lifetime revenue stands at $1.38B.

Price sits at $78.39 on the 4h chart beneath the EMA50 at $79.08 in a confirmed bearish structure, with the MACD death cross at 0.72 adding downside conviction even as RSI holds neutral at 46.54; the token remains inside the Bollinger bands, keeping short-term focus on the $83.09 upper band as resistance or a potential slide toward the $75.29 lower band support.