Hyperliquid Burns 21.2K HYPE in 24 Hours; Cumulative Burns Hit 5.05% of Supply Worth $3.55B

HYPE+0.00%

According to Onchain Lens data cited by BlockBeats, Hyperliquid burned approximately 21,200 HYPE tokens in the past 24 hours on November 12 at an average repurchase price of $72.31, destroying approximately $1.53 million in value.

To date, Hyperliquid has cumulatively destroyed approximately 50.47 million HYPE tokens, valued at approximately $3.55 billion at current prices, representing 5.05% of the token's total supply.

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.