Hyperliquid burns 20,210 HYPE tokens worth $1.8 million
Hyperliquid (HYPE)
Editor:
Eugene Serbin
lookonchain.com reports that Hyperliquid repurchased and burned 20,210 HYPE tokens yesterday. The transaction occurred at a volume-weighted average price of $89.05 per token. This activity added approximately $1.8 million to the total value of tokens destroyed.
Cumulative burns now stand at 49.09 million HYPE tokens. These tokens are valued at roughly $4.29 billion. This amount represents 4.91% of the maximum supply.
The protocol generated $55.89 million in revenue over the past 30 days. Other market updates include Stani criticizing European regulators for restricting DeFi access. Trust Wallet partnered with Ondo OIP for BLKH rewards on BNB Chain. THORChain launched a ZEC liquidity pool for native transactions.
How the market reacted
Whalio's own Binance spot order flow for HYPE, measured when this story was written up on 2 October 2026. Not the outlet's figures.
HYPE is trading at $87.71 with a 24-hour buy ratio of 53.6%, indicating that buyers controlled more than half of the volume. The 1-hour buy ratio of 47.4% and the 4-hour ratio of 50.7% show that buying pressure is currently weaker than the daily average. Volume delta measures the difference between buy and sell volume, and the 24-hour figure is positive at $2,870,811. This suggests net buying pressure over the full day, despite the recent dip in shorter timeframes. The cumulative volume delta for the day reached $5,299,402. Net buying occurred for 18 out of the last 24 hours.
Was that an ordinary day?
The same Binance spot measurements for HYPE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.3%, making today's 53.6% reading 3.2 percentage points higher. Spot volume was 1.69 times the weekly average, indicating significantly increased activity. The coin saw net buying on 4 of the 7 days in the prior week. Total volume delta for the week was $10,052,084. This marks an unusual day of elevated volume compared to the standard weekly baseline.