Crypto
HYPE Burns Record $1.16M in Fees Over Last 24 Hours
The cryptocurrency HYPE has seen significant burn activity in the last 24 hours, generating $2.07M in fees and burning 21.08K tokens worth $1.16M. This has lifted cumulative burns to 46.10M HYPE or 4.61% of the 1B max supply.
The price of HYPE currently sits at $55.27, within the Bollinger band with upper resistance at $60.98 and lower support at $52.51. Technical indicators suggest that the next directional move may be triggered by a test of the upper band.