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Hyper Foundation Confirms HYPE Tokens at Assistance Fund Address Permanently Burned

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HYPE
$24.427-0.31%
Hyper Foundation has confirmed that HYPE tokens at the Assistance Fund address 0xfefefefefefefefefefefefefefefefefefefefe are permanently burned, removing them from circulating and total supply. On-chain data shows an 85% stake-weighted validator vote in favor, with 7% against and 8% abstaining. The move aligns governance with on-chain reality, ensuring the tokens are irrecoverable. The action addresses uncertainty around potential recirculation and improves supply transparency. Fear and greed index movements may reflect market reactions to this supply adjustment.
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