Hyperliquid burns $830K in HYPE near record high

Hyperliquid repurchased and burned approximately 9,730 HYPE tokens during the 24 hours ending Sept. 6, according to blockchain data published by Onchain Lens. Summary Hyperliquid bought and burned 9,730 HYPE worth approximately $829,500 during the latest 24-hour reporting period. The purchases averaged $85.27 per HYPE, according to Onchain Lens’s public blockchain tracking data snapshot. Cumulative burns reached approximately 48.42 million HYPE, equal to 4.84% of maximum token supply overall. HYPE traded near $86 after the report, remaining below its latest record high price level. Hyperliquid’s Assistance Fund converts most eligible trading fees into automated open-market HYPE purchases and burns. The transactions were worth about $829,500 at an average purchase price of $85.27 per token. The latest activity increased the amount of HYPE classified as burned to approximately 48.42 million tokens. That total represents about 4.84% of HYPE’s original maximum supply of 1 billion tokens. At a price of roughly $85.50, the cumulative balance would be valued near $4.14 billion. The $4.14 billion figure is a mark-to-market calculation. It does not represent the amount Hyperliquid spent acq...