Update
Hyperliquid Burns $1.53 Million in HYPE Tokens Amid Price Dip
Decentralized exchange Hyperliquid has bought back and burned 21,200 HYPE tokens in a 24-hour period, spending $1.53 million at an average price of $72.31. The buyback comes amid the decline in the price of the cryptocurrency, which has dropped by 3.45% since November 12. Hyperliquid currently earns more in fees than Ethereum, Tron, and Base. The Assistance Fund, which automatically receives between 97% and 99% of the fees from perpetual and spot trading on Hyperliquid, buys HYPE on the open market and sends the tokens to a system address that does not have a private key.