Browsing: Burns

The cryptocurrency market has recorded its most powerful surge in activity in the past three years. In just one week, Bitcoin soared by more than 23%, decisively breaking through the key psychological barrier near $77,500 and holding above important moving averages as per TradingView data.

Hyperliquid, a leading decentralized perpetuals exchange, has burned approximately $4.24 million worth of its native $HYPE token over the past 24 hours. The burn was fueled by roughly $4.4 million in trading fees generated on the platform during the same period, according to data from blockchain analytics firm Onchain Lens.