HYPE Burns Reach 50.59 Million, Equaling 5.06% of Maximum Supply

HYPE’s cumulative token burns have reached 50.59 million, equal to 5.06% of its maximum supply. According to Odaily, Onchain Lens said on X that Hyperliquid repurchased and burned 47,700 HYPE over the past 24 hours at an average price of $66.37, despite a decline in the crypto market. The tokens were valued at $3.17 million. Cumulative HYPE burns were worth about $3.12 billion, while Hyperliquid’s cumulative revenue reached $1.42 billion.