Hyperliquid’s HYPE burns reached 5.05% of total supply, report said

In a report published on November 12, 2026, at 20:50 (UTC+8), BlockBeats cited Onchain Lens data showing that Hyperliquid had bought back and burned approximately 21,200 HYPE over the preceding 24 hours. The average buyback price was $72.31 per token, putting the value burned at about $1.53 million.

At the time of the report, cumulative burns totaled approximately 50.47 million HYPE—5.05% of the token’s total supply. BlockBeats valued those tokens at about $3.55 billion using the then-current price. It also reported cumulative platform revenue of $1.41 billion, including approximately $68.82 million over the preceding 30 days.

A burn removes tokens from circulation. These figures describe Hyperliquid’s reported buybacks and burns; they do not establish a future HYPE price or give token holders a claim on platform revenue.

Original report: BlockBeats