The Hyperliquid project party recently announced an important move – the destruction of 37.4 million HYPE Tokens in the foundation account. This operation reduces the total Circulating Supply of HYPE to 961797035 coins, further enhancing the scarcity of the token.

From a market perspective, such burn events typically reflect the project party's long-term value considerations. Many voices in the community express that if the project party can continue to promote the destruction of part of the project incentives and ecological fund, it will have a more positive pressure on the Token economic model.

It is worth noting that the performance of HYPE is often closely related to the direction of the entire cryptocurrency market. The current trends of Bitcoin and major coins will continue to affect the rhythm of the altcoin sector. For investors focusing on the Hyperliquid ecosystem, the subsequent token deflation progress still needs to be continuously monitored.