Hyperliquid is reducing its supply through token purchases and burning, with approximately 10,400 HYPE tokens destroyed in the last 24 hours for roughly $956,800. The protocol generated $58.27 million in revenue over the past 30 days, enabling average daily buybacks of approximately $1.16 million. Cumulative burns have reached 48.96 million tokens, representing approximately 4.9% of the one billion maximum supply. Hyperliquid Strategies acquired 494,000 HYPE for $45.8 million, bringing its holdings to 35 million HYPE, while five whales have unstaked approximately $90.4 million in HYPE. In total, over $100 million in potential selling faces off against treasury demand, raising the question of balance between institutional accumulation and selling pressure.
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