Hyperliquid Repurchases and Burns 32,770 HYPE in 24 Hours, Total Burned Accounts for 4.86% of Total Supply

Hyperliquid repurchased and burned 32,770 HYPE in the past 24 hours, valued at approximately $2.65 million based on an average price of $81.01. To date, Hyperliquid has burned a total of about 48,570,000 HYPE, which represents approximately 4.86% of the total supply that has been permanently removed. The HYPE repurchase mechanism is primarily driven by platform trading fees, with the protocol using the related revenue to repurchase and then burn HYPE. Recent on-chain data indicates that this mechanism is still actively operating.

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