2025-12-25 00:21:38

Hyperliquid conducted a major token burn on December 24th, destroying approximately $1 billion worth of HYPE. This was the result of a governance vote to reduce supply. The day before, on December 22nd, the team proactively clarified rumors of insider trading, which coincided with Gemini's launch. Notably, HYPE's perpetual trading volume has recently surpassed that of a leading exchange, indicating increasing market enthusiasm. However, the immediate concern is the upcoming $228 million unlock on December 29th. The impact of this release on the market trend has become a hot topic of discussion within the community.

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rekt_but_vibing

· 8h ago

Burning coins is old news; the key is whether the wave of unlocks on the 29th can hold up.

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TxFailed

· 8h ago

ngl the timing here is *chef's kiss* - massive burn right before a billion-dollar unlock? technically speaking that's just supply management theater tbh

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ForkMaster

· 8h ago

Burning coins + clarifying rumors + Gemini launching, these timeline arrangements are too perfectly aligned. So this is the project team's secret to wealth strategies. I've seen many pump-and-dump schemes before the unlock, but the real test is what will happen when the 2.28 billion is dumped on the 29th. The seasoned traders' evolution theory is knowing when to buy the dip and when to run for cover. Perpetual trading volume surpassing top exchanges? Sounds impressive, but I raise three kids, and experience tells me that such data can be very misleading. You need to look at the distribution of holdings.

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MissedAirdropAgain

· 8h ago

Burning $1 billion? This move is really bold, just worried that the unlock later will cause a crash.

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ReverseTrendSister

· 8h ago

Another burn and another unlock, this show is quite interesting. Burned 1 billion, just clarified the black rumors, and now it's online. The team is playing really cleverly. Wait, will the 2.28 billion unlock on the 29th really cause a dump? Is the HYPE trading volume surpassing the top projects? What does that indicate... Burning is a positive, but unlocking is a negative. I don't dare to make this bet.

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AirdropChaser

· 8h ago

Burned $1 billion? That's pretty intense. We'll have to see if the unlock on the 29th can hold up.

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ProofOfNothing

· 8h ago

Burn 1 billion? That's a pretty harsh tactic, but can it really withstand the 228 million dump on the 29th?

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