HYPE Burn Accelerates as Whales Accumulate the Token: Is $100 Next?

HYPE’s supply is getting tighter just as some of its biggest holders are getting busier. The latest HYPE token burn removed another $1.32 million worth of the asset from circulation, while whale buying and exchange outflows added another layer to the increasingly scarce supply story.Over a 24-hour period, Hyperliquid bought and permanently burned 15,350 HYPE at an average price of roughly $86.17. The move is part of the protocol’s ongoing revenue-backed burn mechanism, rather than a