Hyperliquid burns 48.25M HYPE worth $4B, removing 16.16% of circulating supply
Hyperliquid permanently burned 48.25M HYPE tokens worth approximately $4 billion, removing 16.16% of the circulating supply. The burn is part of a broader trend where crypto projects have spent close to $640M buying back their own tokens this year, with Hyperliquid allocating 99% of trading fees to HYPE buyback and burn.
Detected & updated continuously · Source: Nebula
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@EyeWhales
HUGE: Hyperliquid has permanently burned 48.25M hyperliquid:native worth $4 BILLION, removing 16.16% of the circulating supply forever. https://t.co/vHME6EP08X
@CryptoJPTrans
💸 仮想通貨プロジェクトが今年だけで6億4000万ドル分の自社トークンを買い戻し！ #Hyperliquid が取引手数料の99%を $HYPE のバイバック＆バーンに充てて牽引。 ただし #Jupiter や #Chainlink も実施したのに価格は下落⋯「買い戻し＝上昇」とは限らないのが現実です🫠 https://t.co/kjRvoRvASM
@Rus_Khairullin
Crypto projects have spent close to $640M on buying back their own tokens this year, per the FT. Two projects account for around 90% of it. Hyperliquid and https://t.co/FooBMUoeMx. And it didn’t work for everyone. A lot of teams burned real money into the market and the chart https://t.co/pJLnhWQS7d