🔥 Hyperliquid officially “burned” 37 million HYPE
Hyperliquid validators approved 85% of the votes for the withdrawal of 37 million HYPE (~$912 million) from the circulating and total supply. The tokens were stored in the Assistance Fund without a private key and were effectively inaccessible — now it's officially recorded in the tokenomics.
📊 What this changes:
• −10–13% from the effective supply
• More transparent tokenomics
• Decreased sell pressure after the drop from ~$50 to ~$24
💸 The fund previously bought back ~$1.5 million HYPE/day from trading fees. After the decision — fewer tokens on exchanges, demand began to outstrip supply.
📈 Market reaction: mixed. This is more of an accounting burn than a technical one, but it aligns the numbers with on-chain reality. With sustained demand, a bounce back to $30+ is possible; otherwise, $20 remains weak support.
🧠 Not magic, but a strong signal — the DAO actually governs the protocol's economy.
