Hyperliquid Executes Multi-Billion Dollar Token Burn

Hyperliquid has removed nearly 5% of its maximum HYPE token supply from circulation, with the burned assets valued at approximately $3.89 billion.

October 29, 2026, 06:53 AM·1 views

Photo: Crypto Briefing

Decentralized derivatives exchange Hyperliquid has completed a token burn, removing 49.87 million HYPE tokens from circulation. This figure accounts for nearly 5% of the total maximum supply of the asset.

The market value of the destroyed tokens is estimated at approximately $3.89 billion. The exchange implemented this measure to increase the scarcity of the HYPE token within the ecosystem.

Market participants are currently monitoring the impact of this reduction on the asset's price. Recent data indicates a 4-point decline in confidence regarding the token reaching $100 by year-end.