Hyperliquid Is Burning $1Bn In HYPE Tokens: But Is It Enough?

The Hyperliquid Foundation is moving to permanently remove roughly $1 billion worth of its HYPE tokens from supply. This bold action comes as the token’s price slides to seven-month lows, struggling against a wave of doubt. The burn is a direct answer to fierce competition from newer platforms that are attracting traders with aggressive reward campaigns. What Does This Token Burn Actually Mean? First, let’s quickly define our terms. Hyperliquid is a major decentralized exchange (DEX) for navigating mark ...