HOLOHYPE priceHYPE

Hyper Foundation confirms HYPE in the Assistance Fund 0xfefe address is permanently burned after an 85% stake-weighted validator vote, removing tokens from total and circulating supply. Summary Hyper Foundation says all HYPE at Assistance Fund address 0xfefefefefefefefefefefefefefefefefefefefe is now formally recognized as burned and removed from supply.​ A stake-weighted governance vote saw 85% support, 7% against and 8% abstaining, aligning accounting and on-chain reality over the Assistance Fund balance.​ The move clarifies that the tokens are inaccessible and irrecoverable, resolving uncertainty about potential recirculation and signaling stricter supply transparency. The Hyper Foundation has confirmed that HYPE (HYPE) tokens sent to the Assistance Fund system address 0xfefefefefefefefefefefefefefefefefefefefe are formally recognized as burned and permanently removed from both circulating and total supply, according to an announcement from the organization. Hyperliquid tokens sent to Assistance Fund The decision followed a stake-weighted governance vote in which 85% of voting stake supported recognizing the tokens as burned, 7% voted against, and 8% abstained, the foundation stated. The confirmation means the tokens held at the Assistance Fund address are no longer accessible or recoverable, according to the announcement. Token burns permanently remove cryptocurrency from circulation, preventing the tokens from being spent, transferred, or reintroduced. Earlier this month, the Hyper Foundation proposed a validator vote to formally acknowledge the Assistance Fund HYPE as burned, according to the organization. The foundation stated the goal was to align on-chain reality with governance and accounting practices. The move represents an effort to establish transparent supply management by resolving outstanding questions about token status through stakeholder voting and on-chain finalization, the foundation indicated. The confirmation removes uncertainty about whether the Assistance Fund tokens could return to circulation, according to the announcement.

According to Hyperinsight via COINOTAG News, the trader 20 Million Bandit (0x880a) has been closing short exposure in ETH and HYPE over the past six hours, reducing the total short book to about $111 million and marking the largest short position on Hyperliquid. The ETH short sits near $68.3 million with an average entry of $3,132 and a liquidation price around $3,767; the HYPE short is around $41.97 million, with an average price of $31.7 and a liquidation price near $34.27. This address has pursued high-frequency multi-token arbitrage with an average holding period of about 20 hours. Since October, it has booked over $104 million in profit on roughly $20 million capital, with today contributing about $1.3 million in gains. Previously, exposure centered on PUMP, PAXG, and HYPE, but the mix has shifted toward ETH and HYPE shorts, now representing roughly 98.6% of the position.

BlockBeats News, December 24th, according to Hyperinsight monitoring, in the past 6 hours, the "20 Million Bandit" (0x880a) has been continuously closing short positions for ETH, HYPE, and other multiple currencies. Currently, the ETH short position is approximately $68.3 million, with an average price of $3132, and a liquidation price of $3767; the HYPE short position is approximately $41.97 million, with an average price of $31.7, and a liquidation price of $34.27. Its total short position is approximately $111 million, currently holding the largest short position in ETH and HYPE on Hyperliquid. This address has been engaging in high-frequency multi-currency arbitrage trading for a long time, with an average holding period of about 20 hours. Since October, it has realized a profit of over $104 million with a capital of about $20 million, and today it has already made a profit of $1.3 million. Previously, the address's position was mainly concentrated in the short direction of currencies such as PUMP, PAXG, and HYPE, accounting for 83.6% of the total position. Recently, the focus has shifted to ETH and HYPE shorts, with the two together accounting for 98.6%.

COINOTAG News, citing Coinbob Popular Address Monitor on December 24, reports that a whale linked to address 0xd16 has realized meaningful gains from a persistent short position. The reported exposure sits at about $6.43 million with an average entry price of $35.70, and unrealized gains of roughly $3.28 million, equating to a return near 509%. The cited liquidation price is $32.78, indicating disciplined risk management amid market volatility. During the holding window, the trader reportedly deployed roughly 10% of capital to establish short-term long positions, aiming to capture rebound opportunities, implement risk hedging, and boost yields. The monitor notes that this approach has effectively doubled the account’s total assets, underscoring a measured, hedged exposure strategy in a volatile crypto backdrop.