Web3
49.87 Million HYPE Burned in a Day: Can Buyers Now Reclaim $95?
Crypto Daily·October 31, 2026·1 min read
Hyperliquid burned 49.87 million HYPE tokens, about 5% of max supply, as ICE backed a venture on its tech. HYPE trades near $88.61, with the ceiling near $95.27 deciding the next move. The burn reduces supply, potentially supporting price if buyers reclaim that level.
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