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Hyperliquid burns 130,870 HYPE worth $7.65 million after weekly buybacks

Hyperliquid burns 130,870 HYPE worth $7.65 million after weekly buybacks

Onchain Lens data showed a $7.65 million weekly HYPE burn after buybacks, while daily fees reached $1.4 million and cumulative burns totaled 47.27 million tokens, or 4.73% of maximum supply.

HYPE

Fact Check
The weekly burn figure of 130,870 HYPE worth $7.65 million is confirmed by CoinNess and PANews, both tracing to Onchain Lens on-chain data. The daily fees of $1.4 million and cumulative burns of 47.27 million tokens (4.73% of the 1 billion max supply) are confirmed by KuCoin, Odaily, and corroborated by Binance Square and CertiK Pulse. The claim aggregates two related on-chain metrics reported around the same period; every numeric detail matches across independent sources.
Summary

Hyperliquid burned 130,870 HYPE worth about $7.65 million over the past seven days after repurchasing the tokens at an average price of $58.45, according to an analysis by Onchain Lens. Separately, figures shared by Onchain Lens on X and cited by Odaily showed the decentralized perpetual futures exchange generated $1.4 million in fees over the past day and burned 20,600 HYPE worth $1.2 million. Cumulative burns reached 47.27 million HYPE valued at $2.76 billion, equal to 4.73% of the token's 1 billion maximum supply. CoinMarketCap data showed HYPE trading at $58.4, down 1.21%, at the time of the earlier report.

Terms & Concepts
  • HYPE: Hyperliquid's native token.
  • buybacks: Repurchases of tokens from the market.
  • burn: Permanent removal of tokens from circulation.