The Hyperliquid HYPE Burn Update is gaining attention as HYPE trades near $90.96 after reaching a weekly high of $93.04. Hyperliquid recorded a $2.42 million token burn within 24 hours, while open interest crossed the $8 billion mark for the first time. These developments highlight strong activity across the platform and the wider crypto market. The combination of rising derivatives participation, token burns, and recent price strength has placed Hyperliquid under closer market observation. Although HYPE has pulled back slightly