49.87 Million HYPE Burned in a Day: Can Buyers Now Reclaim $95?

Three Things to Know Hyperliquid burned a large share of its max supply in one day as ICE tied Wall Street derivatives to its technology. HYPE has cooled from its post-news spike, yet momentum indicators still favor buyers. A ceiling just below $96 now separates a pause from a fresh leg higher. Hyperliquid destroyed a large slice of its token supply on October 29, the same day the parent of the New York Stock Exchange backed a venture built on its technology. The two events lifted HYPE into the top 10 by market value. The token has since given back part of that spike. Traders now want to know whether the burn and the Wall Street link can carry buyers through the next ceiling, or whether profit-taking runs deeper.

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