Hyperliquid HYPE burn reaches 49.87 million tokens

Hyperliquid has burned approximately 49.87 million HYPE tokens, an amount valued at about $3.89 billion and equivalent to 4.99% of a stated 1 billion-token maximum supply, according to figures attributed to crypto data trackers. The valuation reflects the tokens’ estimated market value, not cash held by the platform or revenue produced by the burn. The reported total includes about 19,700 HYPE, worth approximately $1.59 million, burned in the previous 24 hours. Estimated fees for that period were $1.69 million, while cumulative protocol revenue was reported at about $1.38 billion. The figures were circulated by Onchain Lens and Wu Blockchain; the reports did not provide transaction records for independent verification. A September 2026 registration statement by Hyperliquid Strategies Inc. filed with the U.S. Securities and Exchange Commission said 47.1 million HYPE had been acquired and permanently removed from circulation as of September 8, 2026. The filing described a mechanism in which the Assistance Fund uses protocol revenue to buy HYPE, with some purchased tokens transferred to a burn wallet. It said 99% of protocol revenues go to the fund and cautioned that reducing...