If the Hyperliquid burn proposal passes, $1 billion worth of HYPE will be burned, reducing the circulating supply by 13%.
According to Odaily, on-chain data shows that the Hyperliquid Assistance Fund address currently holds 37,114,029 HYPE, with a corresponding value of approximately $1.01 billions. If the Hyperliquid Foundation's burn proposal passes, it will reduce HYPE's circulating supply by 13%.
Previously, it was reported that the Hyper Foundation has proposed a validator vote to confirm whether to burn the HYPE tokens held by the Assistance Fund, thereby permanently removing them from both the circulating and total supply.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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