Hyperliquid: Burns $956.8K HYPE in 24 Hours

Hyperliquid bought and burned 10.40K $HYPE tokens worth $956.8K over the past 24 hours at a $91.97 VWAP, pushing lifetime burns to 48.96M tokens valued at $4.48B and representing 4.90% of max supply while generating $58.27M in 30-day revenue.

Price action on the 4h chart shows HYPE at $91.39 inside the Bollinger Bands with upper resistance at $93.66 and lower support at $90.71; the EMA50 at $91.69 acts as immediate resistance above the EMA200 at $83.44 while MACD at -0.25 confirms the death cross and RSI at 45.23 remains neutral, suggesting any push toward upper-band resistance could trigger a retracement to the 50-EMA before continuation. HYPE price prediction models now factor in sustained burns as a core driver amid broader crypto market crash concerns and AI industry impact on perpetual futures platforms.