The Block••1 min read
Hyper Foundation Eyes HYPE Token Burn: $1B Potentially Removed
The Hyper Foundation has proposed a significant reduction in the circulating supply of HYPE tokens. According to reports, the foundation intends to remove approximately $1 billion worth of HYPE by effectively zeroing out Hyperliquid’s Assistance Fund. The fund currently operates as a continuous buyback-and-burn mechanism, converting trading fees into HYPE tokens that are then rendered inaccessible. This development could impact the token's market dynamics.
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