ChainCatcher report: Onchain Lens, a on-chain data analytics platform, posted that Hyperliquid repurchased and burned 10,400 HYPE tokens over the past 24 hours at a volume-weighted average price of $91.97, equivalent to approximately $9.568 million. Data shows that Hyperliquid has cumulatively burned 489.6 million HYPE tokens, valued at approximately $4.48 billion, representing 4.90% of the maximum supply. Its revenue over the past 30 days amounted to $58.27 million.
Hyperliquid Repurchases and Burns $956,800 Worth of HYPE in 24 Hours
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Summary
On-chain data shows that Hyperliquid repurchased and burned 10,400 HYPE tokens within 24 hours at a VWAP of $91.97, totaling $956,800. The platform has now burned 48.96 million HYPE tokens, or 4.90% of the maximum supply, valued at $4.48 billion. Hyperliquid’s 30-day revenue stands at $58.27 million. This move occurs as the Fear & Greed Index remains in neutral territory, with on-chain data indicating continued token buybacks.
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