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

HYPE

HYPE/USDT

$24.993

-5.16%

$24.993

-5.16%

(24s)

24h Volume

$443,611,981.72

24h H/L

$26.48 / $24.48

Change: $2.00 (8.17%)

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$25.00

▼ -3.77%

Volume (24h): -

Resistance Levels

Resistance 3$28.39

Resistance 2$26.7111

Resistance 1$25.5771

Price$25.00

Support 1$24.2867

Support 2$23.13

Support 3$20.35

Pivot (PP):$25.1933

Trend:Downtrend

RSI (14):45.8

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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