Hyperliquid bought back and burned 21,200 HYPE tokens over 24 hours, spending $1.53 million at an average price of $72.31. Since the token’s launch, the decentralized exchange has permanently removed 50.47 million HYPE from circulation, equal to 5.05% of the maximum supply of 1 billion tokens and worth about $3.51 billion. The buyback came as HYPE fell 3.45% on Nov. 12 to $69.52 at the time of publication, down from above $90 earlier in the autumn. Hyperliquid has generated $1.41 billion in revenue for HYPE holders since December 2024, including $68.82 million over the past 30 days and about $1.46 million in daily fees. The Assistance Fund, which automatically receives 97% to 99% of trading fees, finances most of the HYPE buybacks and burns.
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