Hyperliquid burned 49.87 million HYPE tokens, nearly 5% of its maximum supply, valued at approximately $3.89 billion. The operation substantially reduces the token’s circulating supply and is intended to increase scarcity. Meanwhile, markets price in a 23% probability that HYPE will reach $100 by December 31. Participants will monitor trading volume, partnerships, technological developments and the market’s response to the token burn.
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