Hyperliquid: Burns $830K HYPE in 24 Hours

Hyperliquid executed a $829.5K buy-and-burn of 9.73K HYPE tokens over the past 24 hours at an average price of $85.27, lifting the lifetime burn total to 48.42M tokens valued at roughly $4.14B and permanently removing 4.84% of maximum supply.

Price action on the 4h chart shows HYPE holding a bullish structure above the EMA50 at $83.2 while the EMA200 sits far below at $72.85. With the token trading inside the Bollinger Bands and testing upper resistance near $88.19, the neutral RSI at 56.71 combined with the MACD death cross at 0.58 points to a likely pullback toward the $83.2 EMA50 support before any sustained push higher. This burn cadence reinforces supply contraction that aligns with the same macro-technical setup driving recent HYPE price prediction models.