Hyperliquid Burns $830,000 in Tokens as Price Nears All Time High

According to Arzdigital on Sunday, September 6, 2026 (15 Shahrivar 1405), citing Onchain Lens data, the Hyperliquid trading platform bought back and permanently burned about 9,730 HYPE tokens, worth roughly $829,500, over the past 24 hours. The buyback coincided with the token's price climbing to around $86, just short of its all time high of $88.06.

The burn brought total tokens removed from circulation to about 48.42 million, or 4.84 percent of its one billion token initial supply, worth more than $4.14 billion at current market prices. Hyperliquid channels roughly 97 to 99 percent of its network fee revenue through an assistance fund mechanism into buying back and permanently burning tokens from the open market.