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Damn, it really exploded! 🔥💥
$HYPE Large-scale buyback and burn officially confirmed!
Hyperliquid Foundation just initiated and passed a vote, officially acknowledging that all bought-back HYPE has been permanently burned, completely removed from circulation! 🗑️🚀
According to the latest data: approximately 37,000,000 HYPE tokens have been burned.
Here's the key point—since the beginning, the buyback address has been a pure black hole address! There are no private keys, and the foundation didn't leave a backdoor for itself. These tokens have been effectively out of circulation since the day they were bought. 🤯
After the proposal was approved, no on-chain operations are needed because the wallet can't be moved at all. The future promise: never authorize any protocol upgrade to access this address! 🛡️
This move is super hardcore, with a deflationary logic—nearly 37 million tokens are directly removed from supply, truly reducing circulation!
Hyperliquid has shown full sincerity to the community with this move. Long-term holders can continue to hold with confidence. 📈💎
$HYPE #Hyperliquid #通缩 #DeFi