- 85% Hyperliquid validators voted in support of the permanent burning of HYPE tokens in the Assistance Fund address.
- HYPE price plunged to $23.93 despite token burn and other major developments on the Hyperliquid network.
The Hyper Foundation has confirmed the permanent burn of all HYPE tokens in the Assistance Fund Address. This move is backed by an 85% stake-weighted validator positive vote, while 7% voted against