Hyperliquid: Burns $890.9K HYPE in 24 Hours

Hyperliquid bought and burned 11.34K $HYPE at an average price of $78.55 over the past 24 hours, according to @OnchainLens. Lifetime burned now stands at 49.63M $HYPE worth roughly $3.90B, or 4.96% of the 1B maximum supply, with 24-hour fees estimated at $764.9K and $69.94M in revenue generated over the past 30 days.

Price sits at $78.72 on the 4-hour chart, inside the Bollinger Bands with upper resistance at $82.65 and lower support at $77.33. The structure remains bearish as price trades below both EMA50 at $81.86 and EMA200 at $85.08, while RSI at 42.49 stays neutral and MACD shows a bullish golden cross at -0.96. With price testing the lower Bollinger Band near the recent burn level, a bounce toward the 50-EMA resistance appears the next logical test before any sustained move higher.