Hyperliquid: Burns $760K HYPE in 24 Hours

Hyperliquid burned roughly $760,210 worth of $HYPE in the last 24 hours while routing $777,200 in revenue to the Assistance Fund and $HYPE holders.

All-time burns now stand at 46.19 million $HYPE tokens valued at $2.50 billion, or 4.62 percent of the 1 billion maximum supply, reinforcing the platform's established Hyperliquid HYPE token burn mechanism and revenue share structure.

Price action on the 4-hour chart shows $HYPE at $54.47 trading inside the Bollinger Bands with the upper band at $54.49 acting as immediate resistance. The EMA50 at $54.5 serves as the first line of support while the EMA200 at $60.16 remains the longer-term ceiling. Neutral RSI at 57.65 alongside the MACD golden cross points to a brief consolidation phase before the next directional move in any HYPE price prediction model.