Hyperliquid (HYPE) had burned 50.59 million tokens by 5:15 p.m. ET Nov. 14, a total equal to 5.06% of the token’s one billion maximum supply.
Across the 24 hours before the cutoff, $3.17 million went toward HYPE purchases that ended in a burn of 47,700 tokens; the average acquisition price was $66.37. The cumulative burn had a reported value of about $3.12 billion. Hyperliquid’s cumulative revenue was $1.42 billion.
Protocol fees fund HYPE purchases for destruction through the Assistance Fund. The reported $3.12 billion is the cumulative value of burned tokens, separate from the $3.17 million spent on the latest batch and Hyperliquid’s cumulative revenue.
An earlier EconoTimes tally of burned HYPE put the total at 50.47 million after a 21,200-token purchase and burn.
