HYPE Token Burn by Hyperliquid Foundation Removes 11.068% of Circulating Supply in 85% Stake-Weighted Governance Vote

HYPE

HYPE/USDT

$33.055

-8.00%

$33.055

-8.00%

(24s)

24h Volume

$2,812,579,410.33

24h H/L

$38.42 / $32.29

Change: $6.13 (18.98%)

Funding Rate

-0.0081%

Shorts pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$33.07

▲ 1.07%

Volume (24h): -

Resistance Levels

Resistance 3$38.42

Resistance 2$35.3058

Resistance 1$33.1133

Price$33.07

Support 1$31.842

Support 2$27.4461

Support 3$23.8624

Pivot (PP):$33.1133

Trend:Uptrend

RSI (14):63.9

COINOTAG News, citing official sources on December 26, reports that the Hyperliquid Foundation has officially burned HYPE tokens from the Reserve Fund System address, equaling 11.068% of the circulating supply.

The accompanying governance vote leveraged a stake-weight based mechanism; results showed 85% of staked votes in favor of the burn, with 7% against and 8% abstaining.

This action underscores tokenomics discipline and governance transparency, as the burn reduces available supply and demonstrates a commitment to long-term value, aligning holder interests and market expectations.

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