Hyperliquid repurchased and destroyed 21,200 HYPE coins within 24 hours, costing $1.53 million
2026-11-12 23:43:36
According to CoinMeta, Hyperliquid has repurchased and destroyed 21,200 HYPE tokens in the past 24 hours, costing approximately $1.53 million, with an average price of $72.31 per token. Since the launch of the tokens, Hyperliquid has permanently removed a total of 50.47 million HYPE tokens, which represents 5.05% of the maximum supply of 1 billion tokens. This repurchase occurred against the backdrop of a decline in the price of HYPE; on November 12th, the price of HYPE fell by 3.45%, and its current price is $69.52. According to data from DefiLlama, since December 2024, Hyperliquid has earned approximately $1.41 billion for holders of HYPE, with earnings of $68.82 million in the past 30 days and $15.04 million in the past week.
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Source:U.Today
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