Hyperliquid price: 21,200 HYPE Burned as Selling Pressure Persists
Published on 11/13/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBurns Meet a Weaker HYPE Market
- Hyperliquid repurchased and permanently burned approximately 21,200 HYPE tokens in 24 hours, according to Crypto Economy.
- Cumulative burns reached approximately 50.47 million HYPE, equal to 5.05% of the token's maximum supply.
- Investing.com displayed HYPE at 71.8330 USD at 09:38:45 Berlin time on November 13, with a market capitalization of 18.12 billion USD.
- The buyback mechanism links protocol revenue to token demand, but the latest burn has not removed the broader selling pressure described in recent market coverage.
The Hyperliquid price is in focus after the protocol repurchased and permanently burned approximately 21,200 HYPE tokens over 24 hours. The transaction highlights the connection between activity on Hyperliquid's trading infrastructure and demand for its native token, although recent coverage continues to describe a weaker market backdrop.
Crypto Economy reported on November 12 that the buyback was executed at an average price of 72.31 USD and involved approximately 1.53 million USD. The report attributed the on-chain figures to Onchain Lens and said the tokens were transferred to a permanent burn address.
Supply Reduction Reaches a Milestone
The latest transaction brought cumulative burns to approximately 50.47 million HYPE, equivalent to 5.05% of the maximum one-billion-token supply, according to the same report. Crypto Economy also cited approximately 1.24 million HYPE burned through HyperCore fees and slashing, plus another 376,060 HYPE removed through HyperEVM gas fees.
Hyperliquid's own project information describes HYPE as the network's native token. It is used for staking, governance, gas fees, trading-fee discounts and asset-deployment fees. The project says that 99% of protocol revenue is directed to the Assistance Fund, which purchases HYPE automatically and burns the acquired tokens.
Hyperliquid also describes its network as an on-chain financial infrastructure built around HyperCore and HyperEVM. The supply-reduction design therefore gives protocol activity a direct token-market component, but it does not eliminate the effects of selling, leverage or wider crypto-market conditions.
Price Snapshot and Investor Context
In the accessed Investing.com snapshot, HYPE stood at 71.8330 USD at 09:38:45 Berlin time on November 13. The page showed a 24-hour volume of 1.04 billion USD, a market capitalization of 18.12 billion USD and a rank of 9. The displayed 52-week range was 20.5126 to 97.9760 USD.
Crypto Economy said HYPE traded around 71.52 USD on November 12 and recorded a daily decline of approximately 3.65% at that time. For investors, the key distinction is between the structural effect of ongoing buybacks and the short-term market response: permanent token removal can reduce supply over time, but it does not guarantee immediate price appreciation.
Further developments in protocol usage, fee generation and token supply will remain relevant to the Hyperliquid price. Coverage of the recent burn provides a dated data point, while the latest market snapshot shows that the token continues to trade materially below its reported autumn high. More background is available on the Hyperliquid topic page.
