Hyperliquid: Can $1.2M in token burns help HYPE flip $60?

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Hyperliquid generated $1.4 million in fees and burned 20.64K HYPE tokens worth $1.2 million. Since August 2025, the network has generated $800 million in net income, with HyperCore accounting for 95% of that. Out of $1.03 billion generated, $1.01 billion was used for token buybacks and burns, representing 4.73% of total supply. HYPE price remains below $60 and technical indicators, including the Squeeze Momentum Indicator at -7.69, suggest sellers maintain market control. A daily close above $60 would be needed to confirm a trend reversal, while failure would increase downside risk toward $56.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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