Market News / Story
Hyperliquid (HYPE) Price Targets $110 as $10M Burns Amid Supply Risk
Coinpedia ·
Coinpedia reports: The Hyperliquid price is hovering near $90 as traders weigh two very different supply forces. Hyperliquid recently bought and burnt $10.15 million worth of HYPE, permanently removing tokens from circulation. In contrast, a $340 million token unlock is adding a much larger potential supply overhang. The unlock is more than 33 times the value of the latest burn, making the balance between new supply and demand a key factor for HYPE’s next move. Still, the potential selling…