Hyperliquid burns $3.89 billion in HYPE tokens, removing nearly 5% of supply

🔥 Hyperliquid burns $3.89 billion in HYPE, removing 49.87 million tokens.
💹 The protocol uses fee revenue for continuous token buybacks and destruction in $HYPE.
📈 Monthly token unlocks still outpace the number of HYPE tokens burned each month.
News impact: Neutral.

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