Hyperliquid: Burns $643K HYPE in 24 Hours

Hyperliquid burned ~$643.14K worth of HYPE over the last 24 hours, directing $513.8K in revenue to the Assistance Fund and HYPE holders according to on-chain data.

All-time burns now total 46.18M HYPE tokens valued at $2.43B, or 4.62% of the 1B maximum supply, underscoring the platform's ongoing tokenomics execution on its Layer-1 perpetuals exchange.

Price action on the 4h chart shows HYPE at $52.53 inside the Bollinger Bands with upper resistance at $55.84 and lower support at $50.24, while the EMA50 at $54.74 and EMA200 at $60.35 act as layered resistance overhead; the neutral RSI at 44.76 paired with a MACD golden cross at -0.83 suggests momentum may lift toward the upper band before any pullback to the 50-EMA.