Hyperliquid repurchased and permanently destroyed 15,350 HYPE over 24 hours, valued at about $1.32 million at an average price of $86.17. Cumulative burns have reached 48.45 million HYPE, worth approximately $4.11 billion at the stated market valuation and equal to 4.84% of maximum supply. Exchange data showed about $1.39 million in negative HYPE spot netflows, while Lookonchain identified a trader that accumulated 194,210 HYPE worth about $16.79 million across 10 consecutive days. HYPE traded near $84.22 after failing to hold above $88.14, with $83.82 identified as immediate support and $80 as the next significant support level.