Hyperliquid Burns $2.08M in HYPE as HYPE Price Outlook Draws Attention

Hyperliquid has burned approximately $2.08 million worth of HYPE tokens in 24 hours, adding to its ongoing supply-reduction activity. According to Onchain Lens, the platform bought back 28,520 HYPE at an average price of $73.09. The latest burn comes as Hyperliquid continues generating substantial fee revenue. Meanwhile, the HYPE price is attracting market attention after retreating from its recent $97 high, with analysts watching Bitcoin’s 200-day moving average and a potential recovery toward $100. According to Onchain Lens, Hyperliquid purchased 28,520 HYPE tokens at an average price of $73.09 and burned approximately $2.08 million worth of tokens over the past 24 hours. The latest transaction adds to the platform’s broader buyback and burn activity. Hyperliquid has now burned approximately 50.42 million HYPE, valued at around $3.61 billion.

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