Hyperliquid burns $824K in daily HYPE fees, with 45.1M tokens burned as price trades near $43 and tests $45 resistance.
Hyperliquid burned about $824,688 worth of HYPE in the last 24 hours, according to figures shared in the market update.
The buyback and burn activity comes as HYPE trades near $43, while traders watch the $45 resistance zone for confirmation of a stronger move.
Hyperliquid Uses Daily Fees for HYPE Buyback and Burn
Hyperliquid generated about $824,688 in fees over the past 24 hours. The update stated that 100% of those fees were used to buy back and burn HYPE.
The model has attracted interest because it links platform activity with token supply reduction.
Many projects use revenue for operations, incentives, or treasury growth. Hyperliquid’s current model directs fees toward token burns.
In the last 24 hours, Hyperliquid generated approximately $824,688 in fees — and 100% of it was used to buy back and burn HYPE.
This daily burn is now consistent and sets a new standard for tokenomics.While other crypto projects sell their tokens to fund the team, Hyperliquid —… pic.twitter.com/Or5TF5wafS
— Hyperliquid Hub (@Hyperliquid_Hub) May 10, 2026
The total HYPE burned has reached 45,116,933 tokens, based on the shared figures. At current prices, that amount is valued at more than $2 billion.
The burned amount equals about 14.5% of the first trader airdrop, which totaled 310 million HYPE. This gives traders a clear measure of how large the burn has become.
HYPE Price Holds Near Key Technical Zone
HYPE was trading around $43.07 during the update. The token remains below the key resistance level near $45.05, based on the daily chart.
That level matches the 0.236 Fibonacci retracement area. A daily close above it could support a move toward $48 to $50.40.
The chart also shows support near $41.74, which is the 0.382 Fibonacci level. Holding above this level keeps the short-term structure stable.
If the price falls below $41.74, traders may watch $39.06 and $36.39 next. A close below $36.39 would weaken the recent recovery.
Momentum readings remain mild but positive. The MACD line is above the signal line, while the histogram is only slightly positive.
The RSI is near 57.61, which places it above the neutral 50 level. It is not yet in overbought territory.
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Market Data Shows Cooling Volume
HYPE’s market cap was listed near $10.97 billion, down 1.93%. The 24-hour volume was about $189.8 million, down 13.36%.
Falling volume during a small price decline often shows lower market activity. It does not always show strong selling pressure.
The volume-to-market-cap ratio stood near 1.72%. This suggests trading activity remains moderate compared with the project’s size.
For a stronger breakout, traders often look for rising volume. A move above $45.05 with higher volume would give buyers more confirmation.
Supply data also remains important for HYPE. Circulating supply was listed at 254.85 million HYPE.
Total supply was reported at 955.17 million HYPE, while max supply was 961.67 million HYPE. This creates a gap between circulating supply and full supply.
The fully diluted valuation was near $41.42 billion. Traders often track this figure because future supply changes can affect market pricing.
For now, HYPE remains in a decision area. The burn model continues, while price action depends on the $41.74 support and $45.05 resistance.
