Hyperliquid Burns 28,520 HYPE as Token Tests $70 Support
Hyperliquid burned 28,520 HYPE, while live data showed the token near $71.79 and protocol TVL down 7.2% over seven days.
Hyperliquid burned 28,520 HYPE, while live data showed the token near $71.79 and protocol TVL down 7.2% over seven days. Bitcoin (BTC) is trading at $73,735.00, down 0.3% since this brief published. This is an original TLT brief based on reporting by TronWeekly, with live market data added, as of Thu, 12 Nov 2026 01:15:03 UTC.
The burn removes tokens from circulation, but the decline in HYPE’s price and Hyperliquid’s TVL shows that protocol activity has weakened alongside the token.
- Hyperliquid burned 28,520 HYPE, valued at about $2.08 million
- Cumulative burns reached 50.42 million tokens, or 5.04% of supply
- HYPE traded at $71.79, down 13.98% over seven days
- Hyperliquid TVL fell 7.2% week over week to $1.75 billion
- Hyperliquid Burns 49.87M HYPE Tokens, Worth $3.89B, as Token Surges to $87
- Hyperliquid's HYPE Token Surges on ICE Exchange Listing News
- Hyperliquid Burns $6.75M in HYPE Tokens Amid Surging Trading Volume
- Hyperliquid Burns 5% of HYPE Supply as ICE Backs Tech Venture
- Hyperliquid Expands Revenue Base While HYPE Burns Top 50 Million
- Hyperliquid outlook extends into 2026 as HYPE faces a weekly pullback
- Hyperliquid Burns 28,520 HYPE as Token Tests $70 Support — this brief
Hyperliquid burned 28,520 HYPE worth approximately $2.08 million, according to TronWeekly. The transaction raised cumulative burned supply to 50.42 million tokens, representing about 5.04% of the total supply, reducing the amount of HYPE circulating through the protocol’s burn mechanism.
The report said HYPE was testing support around $70 after retreating from $97. Analyst Posty identified $100 as a potential recovery level if 
Bitcoin remained above its 200-day moving average. That analyst view was included in TronWeekly’s coverage and was not independently corroborated.
Live market data placed HYPE at $71.79, down 0.55% over 24 hours and 13.98% over seven days. Its market capitalization stood at $17.19 billion. The token’s percentage decline over the week was larger than Bitcoin’s 7.91% fall, while Bitcoin rose 0.52% over the previous 24 hours to $73,941.
DeFiLlama data showed Hyperliquid’s total value locked at $1.75 billion, down 7.2% over seven days. The broader crypto market capitalization was $2.52 trillion and was broadly flat, while the Fear & Greed index registered 29, indicating a Fear reading. The immediate levels to monitor are HYPE near $70, Bitcoin’s 200-day moving average, and whether the decline in protocol TVL continues.
Since this brief published about 4 hours ago, Bitcoin (BTC) has moved from $73,941.00 to $73,735.00 — -0.28%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦103.04M (about $73,735.00), up 0.6% over 24 hours. The naira itself trades about 3.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 11, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Hyperliquid Burns 28,520 HYPE as Token Tests $70 Support — questions & answers
How much HYPE did Hyperliquid burn?
Hyperliquid burned 28,520 HYPE, worth approximately $2.08 million, according to TronWeekly.
What percentage of HYPE supply has been burned?
Cumulative burned supply reached 50.42 million HYPE, or about 5.04% of total supply.
How are HYPE and Hyperliquid TVL performing?
HYPE traded at $71.79, down 13.98% over seven days, while Hyperliquid TVL fell 7.2% to $1.75 billion.
How much is 1 Bitcoin worth in naira today?
About ₦103.04M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $73,735.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.28% since this brief first published — trading at $73,735.00 now versus $73,941.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.