Hyperliquid Fund Burns 47.5M HYPE Tokens Following $1.32B Buyback

Key Facts

1The Hyperliquid Assistance Fund completed a buyback and burn of 47.5 million HYPE tokens.

2The fund spent approximately $1.321 billion to acquire the tokens, valued at roughly $4.366 billion as of September 26.

The Hyperliquid Assistance Fund completed a buyback and burn of 47.5 million HYPE tokens. Tokenpost reported that the fund spent approximately $1.321 billion to acquire the tokens, which were valued at roughly $4.366 billion as of September 26, 2026.

The action aims to reduce the total circulating supply and potentially support the token's value following recent record highs. This permanent removal of tokens from the maximum supply is part of ongoing burn activity designed to manage the asset's market dynamics.