Hyperliquid price faces selling pressure despite USD 1.53 million HYPE burn
Published on 11/13/2026 at 07:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBuybacks Meet Persistent Selling Pressure
- Hyperliquid repurchased and burned 21,200 HYPE in 24 hours at an average price of USD 72.31.
- Cumulative burns reached 50.47 million HYPE, equal to 5.05% of the maximum supply of one billion tokens.
- Investing.com displayed HYPE at USD 71.1960 in a Nov. 13 snapshot at 09:34:57 Berlin time, with a market capitalization of USD 18.02 billion.
- The burn mechanism is funded mainly by protocol activity, but recent selling pressure has continued to weigh on the token.
The Hyperliquid price is being tested by continued selling pressure even as the protocol removes more tokens from circulation. In a report published Nov. 12, Crypto Economy said Hyperliquid had repurchased and permanently burned 21,200 HYPE over the preceding 24 hours at an average price of USD 72.31. The reported value of the burn was USD 1.53 million.
Supply Reduction Accelerates
The latest transaction lifted cumulative burns to 50.47 million HYPE, according to the same report. That represents 5.05% of the maximum supply of one billion tokens. Crypto Economy attributed the figures to on-chain analytics platform Onchain Lens, which reported that the purchased tokens were sent to a permanent burn address.
The mechanism links protocol activity with token demand. Crypto Economy reported that the Assistance Fund receives approximately 99% of eligible protocol trading fees and uses the funds to buy HYPE on the open market before removing the tokens from circulation. The report also said that Hyperliquid generated USD 68.82 million in revenue during the preceding 30 days.
Price Signal Remains Mixed
Investing.com displayed HYPE at USD 71.1960 in a Nov. 13 snapshot carrying a 09:34:57 Berlin time timestamp. The same page showed a market capitalization of USD 18.02 billion, 24-hour volume of USD 900.85 million, a circulating supply of 252.90 million HYPE and a market ranking of 9. These figures describe the retrieved market snapshot and are not a verified UTC day-over-day comparison.
The token burn provides a structural counterweight to selling, but it does not guarantee a short-term price recovery. A burn reduces the token balance held by the protocol and can reinforce the link between trading activity and HYPE demand. Its market effect still depends on the scale of new buying relative to selling, leverage and changes in the circulating supply.
What Traders Should Watch
Investors may therefore want to distinguish between recurring protocol-supported buying and discretionary market demand. The reported 50.47 million cumulative burn is material relative to the maximum supply, while the current price snapshot remains well below the USD 72.31 average paid for the latest buyback. That contrast shows why token reduction alone should not be treated as a signal of an immediate trend reversal.
Further burn data, protocol revenue and changes in HYPE liquidity will remain relevant for assessing whether the buyback mechanism can offset distribution pressure. The latest figures support a supply-reduction narrative, but the price remains exposed to broader crypto-market volatility and token-specific flows. More coverage is available on the Hyperliquid topic page.
