According to on-chain analyst MLM (@mlmabc), the total buyback amount of the Hyperliquid Assistance Fund has surpassed $1 billion today, just 15 months after the $HYPE token's launch. The analyst noted that a total of 41.71 million HYPE tokens have been permanently burned, valued at approximately $1.35 billion at current prices, representing 4.17% of the total HYPE token supply.
Hyperliquid Repurchase Fund Reaches $10 Billion, 4.17% of HYPE Supply Destroyed
TechFlowShare
Summary
Hyperliquid’s token launch announcement reveals that the repurchase fund has surpassed $10 billion in total value, 15 months after the debut of the $HYPE token. On-chain data from analyst MLM shows that 41.71 million HYPE tokens have been burned, valued at $1.35 billion, or 4.17% of the total supply.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.