Hyperliquid Burns $956k HYPE as Price Holds Support
Hyperliquid (HYPE)
Editor:
Eugene Serbin
Tronweekly reported that Hyperliquid burned 10.40K HYPE, valued at approximately $956,800, over the past 24 hours at a VWAP of $91.97. This latest transaction brings cumulative burns to 48.96 million HYPE, representing roughly 4.90% of the maximum supply. The protocol generated $58.27 million in revenue over the last 30 days, providing economic activity to support its buyback mechanism.
Analyst Giannis Andreou identified the 89–90 area as a critical support zone where buyers are currently defending the price. This region previously acted as resistance, and a sustained hold could confirm a resistance-to-support flip. If buyers maintain this level, the bullish structure remains intact with the upper trendline as the next objective.
A breakdown below 89–90 would weaken the setup and require traders to reassess the technical structure. The burn reduces available supply, though market direction still depends on demand and broader conditions. Hyperliquid continues its token-reduction activity alongside substantial protocol revenue. The immediate focus remains on whether HYPE can defend this key support area while burns continue.
How the market reacted
Whalio's own Binance spot order flow for HYPE, measured when this story was written up on 27 September 2026. Not the outlet's figures.
HYPE is trading at $92.58 on Binance spot, with a 24-hour buy ratio of 48.4% and a negative volume delta of -$326,292. However, buying pressure appears to be building in the short term, as the 4-hour buy ratio sits at 61.6% with a positive volume delta of +$394,795. The 1-hour data shows a 32.0% buy ratio and a negative delta of -$79,143, indicating recent selling pressure within the last hour. The buy ratio represents the percentage of volume driven by buyers, while the volume delta measures the net difference between buy and sell volume. A positive delta suggests net buying pressure, whereas a negative delta indicates net selling pressure. With 13 of 24 hours showing net buying, the 4-hour trend contrasts with the immediate 1-hour dip and the overall 24-hour net outflow.