Hyper Foundation Sets December 17 Vote to Classify 37M HYPE Assistance Fund Tokens as Permanently Burned

On December 17, Hyper Foundation outlined a plan for validators to vote on legally recognizing Assistance Fund HYPE tokens as permanently burned and excluded from circulating and total supply. The fund’s balance is estimated at about 37 million HYPE, held in a system address with no private key, and the vote will use a stake-weighted process with validator signaling due by December 21 and delegation running through December 24. This governance push follows an earlier, unsuccessful September proposal to cut approved HYPE supply by more than 45% and comes as the token trades around $26.98 with notable monthly and weekly declines.