HYPE Jumps 14% as Hyperliquid Burns 49.87M Tokens, 4.99% of Maximum Supply
HYPE rose more than 14% on Oct 29 after Hyperliquid's cumulative recognized burns reached about 49.87 million tokens, equal to 4.99% of its 1 billion maximum supply. Roughly 19,700 HYPE worth $1.59 million was burned in 24 hours against $1.69 million in protocol fees. The token cleared $90 and hit $92.15 resistance, though hourly RSI near 95 flagged overbought conditions.
