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Hyper Foundation Puts 37 Million HYPE Burn to Validator Vote

The plan would codify that Assistance Fund tokens locked in an unspendable address are excluded from supply.

Cantor turns bullish on Hyperliquid, sees 'a path for HYPE eclipsing $200'
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Hyperliquid proposes to burn 1B HYPE: Is supply shock incoming?
Hyper foundation proposes burning all hype in its hyperliquid assistance fund

Overview

  • Validators must signal positions by Dec. 21 at 04:00 UTC, with a stake‑weighted outcome set for Dec. 24 at 04:00 UTC.
  • The tokens reside in a system address with no private key and are inaccessible without a hard fork, and no on‑chain changes are proposed.
  • Roughly 37 million HYPE—about 13% of circulating supply and valued near $1 billion—would be treated as permanently burned and removed from circulating and total supply metrics.
  • Market reaction has been modest, with HYPE up about 2% and futures open interest rising to roughly $1.5 billion, even as spot activity stays muted and recent unlocks keep near‑term sell pressure in view.
  • Cantor Fitzgerald issued a bullish long‑term report projecting multi‑billion annual fees, while some analysts say the move is largely an accounting clarification that could set a governance precedent.