Markets
Hyperliquid burns $1.28M HYPE as price corrects – Is $60 next?
AMB Crypto·August 8, 2026·1 min read
Hyperliquid burned $1.28 million worth of HYPE over the past 24 hours, bringing lifetime burns to $2.68 billion. With circulating turnover falling to 2.9%, traders are watching whether shrinking supply can fuel a price reversal. The burn comes as HYPE price corrects.
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