Hyperliquid Burns 50.7M HYPE: Can Buybacks Stop the Token’s Downtrend?

The post Hyperliquid Burns 50.7M HYPE: Can Buybacks Stop the Token’s Downtrend? appeared first on Coinpedia Fintech News

Hyperliquid is accelerating its HYPE buybacks, but the token is still struggling to reverse its downward trend. The protocol reportedly removed another 21,290 HYPE from circulation in 24 hours, taking cumulative burns beyond 50.7 million tokens. With lifetime revenue reaching approximately $1.4 billion, the fundamentals remain significant. However, the price chart tells a different story. …