Hyperliquid (HYPE) Burns 49.87 Million Tokens, 5% of Max Supply

Hyperliquid burned 49.87 million HYPE tokens, about 5% of its maximum supply, funded by $1.38 billion in lifetime fees. Despite the burn, monthly token unlocks still outpace buybacks, according to the report. The burn reduces circulating supply but may not offset new token releases, impacting HYPE's supply dynamics.