Hyperliquid Burns $1.2M HYPE Tokens Amid Weak Momentum

Hyperliquid has burned $1.2 million worth of HYPE tokens in an effort to control supply and absorb market pressure. This is part of a larger trend, as the project has historically used revenue for token buybacks and burns.

The Hyperliquid network generated $800 million in net income since August 2025, with HyperCore accounting for 95% of that income. Out of the $1.03 billion generated, $1.01 billion was spent on buybacks and burns.

In a recent burn, Hyperliquid generated $1.4 million in fees and burned 20.64K HYPE worth $1.2 million. This marks over 15% of the currently circulating supply.